StorageVault Canada Inc. (TSE:SVI) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• StorageVault Canada Inc. has received an average recommendation of "Moderate Buy" from nine brokerages, with a target price of C$5.17.
• Director Alan Arthur Simpson sold 134,700 shares for approximately C$633,090, marking a 26.10% decrease in his position.
• The company's shares opened at C$4.81, with a market capitalization of C$1.76 billion and a PE ratio of -57.26.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$5.17.

Several equities research analysts recently issued reports on the company. Desjardins upgraded StorageVault Canada from a "hold" rating to a "buy" rating and boosted their price objective for the company from C$4.25 to C$5.00 in a report on Thursday, July 24th. Scotiabank boosted their target price on StorageVault Canada from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. BMO Capital Markets set a C$5.50 target price on StorageVault Canada and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. TD Securities boosted their target price on StorageVault Canada from C$5.00 to C$5.50 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada set a C$5.50 target price on StorageVault Canada and gave the stock an "outperform" rating in a research note on Wednesday, May 21st.

Insider Buying and Selling

In other news, Director Alan Arthur Simpson sold 134,700 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of C$4.70, for a total transaction of C$633,090.00. Following the completion of the transaction, the director directly owned 381,305 shares of the company's stock, valued at approximately C$1,792,133.50. This represents a 26.10% decrease in their position. Over the last ninety days, insiders sold 367,900 shares of company stock worth $1,732,660. 38.49% of the stock is owned by corporate insiders.

StorageVault Canada Price Performance

Shares of TSE:SVI opened at C$4.81 on Friday. The business's 50 day moving average price is C$4.57 and its 200-day moving average price is C$4.14. The firm has a market capitalization of C$1.76 billion, a PE ratio of -57.26 and a beta of 0.83. StorageVault Canada has a 1 year low of C$3.53 and a 1 year high of C$5.18.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.