StorageVault Canada Inc. Buys 50,000 Shares of StorageVault Canada Inc. (TSE:SVI) Stock

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of C$3.95 per share, with a total value of C$197,440.00.

StorageVault Canada Inc. also recently made the following trade(s):

• On Friday, November 29th, StorageVault Canada Inc. purchased 3,100 shares of StorageVault Canada stock. The stock was acquired at an average cost of C$4.05 per share, for a total transaction of C$12,547.56.
• On Thursday, November 14th, StorageVault Canada Inc. acquired 25,000 shares of StorageVault Canada stock. The stock was acquired at an average cost of C$3.92 per share, with a total value of C$97,930.00.

StorageVault Canada Stock Up 0.3 %

Shares of SVI opened at C$3.73 on Friday. The company has a 50-day moving average price of C$3.90 and a two-hundred day moving average price of C$4.33. The stock has a market cap of C$1.37 billion, a price-to-earnings ratio of -27.15 and a beta of 0.89. StorageVault Canada Inc. has a 12 month low of C$3.55 and a 12 month high of C$5.48.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. CIBC set a C$5.00 target price on shares of StorageVault Canada and gave the company a “negative” rating in a research note on Tuesday, December 17th. Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a research report on Tuesday, December 17th. Raymond James reduced their target price on shares of StorageVault Canada from C$5.25 to C$4.70 in a research note on Monday, January 13th. Scotiabank lowered their price target on StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Finally, Desjardins downgraded StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, StorageVault Canada presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.62.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.