StorageVault Canada Inc. (TSE:SVI) Director Sells C$255,060.00 in Stock

Key Points

• Director Alan Arthur Simpson of StorageVault Canada Inc. sold 54,500 shares of stock at an average price of C$4.68, totaling C$255,060.00.
• The company’s stock was trading at C$4.63 with a market cap of C$1.70 billion and a PE ratio of -33.70.
• Analysts maintain a consensus rating of "Moderate Buy" with a target price of C$5.13, with recent upgrades from TD Securities and Scotiabank.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) Director Alan Arthur Simpson sold 54,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of C$4.68, for a total value of C$255,060.00.

StorageVault Canada Trading Up 0.6%

Shares of SVI traded up C$0.03 during mid-day trading on Thursday, hitting C$4.68. 39,177 shares of the company's stock were exchanged, compared to its average volume of 337,835. The firm has a market capitalization of C$1.72 billion, a P/E ratio of -34.06 and a beta of 0.89. StorageVault Canada Inc. has a fifty-two week low of C$3.53 and a fifty-two week high of C$5.18. The business's 50 day moving average is C$4.22 and its two-hundred day moving average is C$3.96.

Analyst Upgrades and Downgrades

SVI has been the subject of a number of research analyst reports. TD Securities lifted their target price on StorageVault Canada from C$5.00 to C$5.50 and gave the stock a "buy" rating in a report on Friday, July 25th. Royal Bank Of Canada set a C$5.50 price target on shares of StorageVault Canada and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Desjardins raised StorageVault Canada from a "hold" rating to a "buy" rating and boosted their target price for the company from C$4.25 to C$5.00 in a research report on Thursday, July 24th. Raymond James Financial raised their price target on shares of StorageVault Canada from C$4.70 to C$4.75 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Scotiabank lifted their price target on StorageVault Canada from C$5.00 to C$5.50 and gave the company an "outperform" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, StorageVault Canada has a consensus rating of "Moderate Buy" and a consensus target price of C$5.13.

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.