StorageVault Canada (TSE:SVI) Price Target Raised to C$6.25

by · The Markets Daily

StorageVault Canada (TSE:SVI – Get Free Report) had its price target increased by equities research analysts at Royal Bank Of Canada from C$6.00 to C$6.25 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 29.67% from the stock’s current price.

SVI has been the topic of a number of other research reports. National Bank Financial set a C$6.25 target price on StorageVault Canada and gave the company an “outperform” rating in a research report on Monday, April 20th. Raymond James Financial raised shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and cut their price target for the stock from C$5.50 to C$5.25 in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$5.78.

Get Our Latest Stock Analysis on StorageVault Canada

StorageVault Canada Price Performance

TSE SVI traded down C$0.04 during trading hours on Friday, reaching C$4.82. The company’s stock had a trading volume of 205,571 shares, compared to its average volume of 323,917. The firm has a market capitalization of C$1.76 billion, a price-to-earnings ratio of -120.50 and a beta of 0.77. The company’s 50-day moving average is C$4.60 and its two-hundred day moving average is C$4.67. StorageVault Canada has a 1-year low of C$4.11 and a 1-year high of C$5.39.

StorageVault Canada (TSE:SVI – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. The business had revenue of C$91.09 million during the quarter. StorageVault Canada had a negative net margin of 4.28% and a negative return on equity of 14.88%.

Insiders Place Their Bets

In other news, insider Access Self Storage Inc. acquired 89,700 shares of the firm’s stock in a transaction on Wednesday, July 15th. The shares were bought at an average price of C$4.60 per share, for a total transaction of C$412,620.00. Following the acquisition, the insider owned 136,992,005 shares of the company’s stock, valued at approximately C$630,163,223. This trade represents a 0.07% increase in their position. Insiders own 38.49% of the company’s stock.

About StorageVault Canada

(Get Free Report)

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. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.

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