StorageVault Canada Inc. (TSE:SVI) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• StorageVault Canada Inc. has received an average rating of "Moderate Buy" from analysts, with six buy ratings, one hold, and one sell rating.
• The average price objective among brokerages for StorageVault Canada is C$5.13, with some analysts setting higher targets, such as C$5.50 by Royal Bank of Canada.
• Insider activity includes a sale of 54,500 shares by Director Alan Arthur Simpson, while another insider purchased 189,500 shares, indicating a strong interest from corporate insiders.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$5.13.

Several equities analysts have commented on SVI shares. Desjardins raised StorageVault Canada from a "hold" rating to a "buy" rating and upped their price objective for the company from C$4.25 to C$5.00 in a research report on Thursday, July 24th. Raymond James Financial upped their price objective on StorageVault Canada from C$4.70 to C$4.75 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Royal Bank Of Canada set a C$5.50 price objective on StorageVault Canada and gave the company an "outperform" rating in a research report on Wednesday, May 21st. TD Securities increased their price target on StorageVault Canada from C$5.00 to C$5.50 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, CIBC dropped their price target on StorageVault Canada from C$4.75 to C$4.25 in a research report on Friday, April 25th.

StorageVault Canada Price Performance

Shares of SVI opened at C$4.74 on Tuesday. The stock has a market capitalization of C$1.74 billion, a price-to-earnings ratio of -34.50 and a beta of 0.89. StorageVault Canada has a 1 year low of C$3.53 and a 1 year high of C$5.18. The business's 50 day simple moving average is C$4.32 and its 200-day simple moving average is C$4.02.

Insider Activity

In other StorageVault Canada news, Director Alan Arthur Simpson sold 54,500 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of C$4.68, for a total value of C$255,060.00. Also, insider StorageVault Canada Inc. purchased 189,500 shares of StorageVault Canada stock in a transaction on Friday, May 30th. The stock was bought at an average cost of C$4.15 per share, for a total transaction of C$786,425.00. 38.49% of the stock is currently owned by corporate insiders.

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.

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