StorageVault Canada (TSE:SVI) Insider Access Self Storage Inc. Purchases 89,700 Shares

StorageVault Canada Inc. (TSE:SVI) insider Access Self Storage Inc. purchased 89,700 shares of StorageVault Canada stock in a transaction that occurred on Wednesday, July 15th. The stock was acquired at an average cost of C$4.60 per share, with a total value of C$412,620.00. Following the acquisition, the insider directly owned 136,992,005 shares of the company’s stock, valued at C$630,163,223. The trade was a 0.07% increase in their position.

StorageVault Canada Stock Down 1.2%

SVI stock opened at C$4.88 on Tuesday. The stock’s 50 day moving average is C$4.56 and its two-hundred day moving average is C$4.67. StorageVault Canada Inc. has a 52-week low of C$4.10 and a 52-week high of C$5.39. The company has a market capitalization of C$1.78 billion, a PE ratio of -122.00 and a beta of 0.77.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported C($0.04) EPS for the quarter. The company had revenue of C$85.22 million for the quarter. StorageVault Canada had a negative net margin of 4.28% and a negative return on equity of 14.88%.

Analysts Set New Price Targets

A number of brokerages have commented on SVI. National Bank Financial set a C$6.25 target price on StorageVault Canada and gave the company an “outperform” rating in a research note on Monday, April 20th. Raymond James Financial upgraded StorageVault Canada from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the stock from C$5.50 to C$5.25 in a research note on Monday, June 1st. One equities research 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. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$5.75.

About StorageVault Canada

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.