StorageVault Canada Inc. (TSE:SVI) Insider StorageVault Canada Inc. Purchases 50,000 Shares

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price 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. acquired 3,100 shares of StorageVault Canada stock. The shares were bought at an average price of C$4.05 per share, for a total transaction of C$12,547.56.
• On Thursday, November 14th, StorageVault Canada Inc. bought 25,000 shares of StorageVault Canada stock. The stock was bought at an average cost of C$3.92 per share, with a total value of C$97,930.00.

StorageVault Canada Price Performance

TSE:SVI opened at C$3.72 on Thursday. The firm has a market capitalization of C$1.39 billion, a P/E ratio of -46.50 and a beta of 0.89. The business has a 50 day simple moving average of C$3.91 and a 200 day simple moving average of C$4.33. 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

SVI has been the subject of a number of research reports. Desjardins downgraded StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a research report on Tuesday, December 17th. Scotiabank lowered their price target on StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. CIBC set a C$5.00 price objective on StorageVault Canada and gave the stock a “negative” rating in a research note on Tuesday, December 17th. Finally, Raymond James lowered their target price on shares of StorageVault Canada from C$5.25 to C$4.70 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company 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.