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

Key Points

• StorageVault Canada Inc. has received an average rating of "Moderate Buy" from analysts, with one sell, one hold, and seven buy recommendations.
• The average twelve-month price target for the stock is C$5.17, with several firms recently adjusting their targets upwards.
• Insider activity shows significant selling, with Director Alan Arthur Simpson reducing his shares by 26.10% after selling 134,700 shares at C$4.70 each.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) has earned an average rating of "Moderate Buy" from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$5.17.

A number of research analysts have issued reports on SVI shares. Scotiabank raised their price target on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Desjardins raised shares of StorageVault Canada from a "hold" rating to a "buy" rating and raised their price target for the stock from C$4.25 to C$5.00 in a report on Thursday, July 24th. TD Securities raised their price target on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, BMO Capital Markets set a C$5.50 price target on shares of StorageVault Canada and gave the stock an "outperform" rating in a report on Wednesday, August 27th.

StorageVault Canada Stock Down 1.8%

Shares of SVI opened at C$4.95 on Wednesday. The company has a market cap of C$1.81 billion, a price-to-earnings ratio of -58.93 and a beta of 0.82. StorageVault Canada has a twelve month low of C$3.53 and a twelve month high of C$5.23. The company has a 50 day moving average of C$4.81 and a two-hundred day moving average of C$4.26.

Insider Activity

In other StorageVault Canada news, Director Alan Arthur Simpson sold 134,700 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of C$4.70, for a total value of C$633,090.00. Following the completion of the transaction, the director owned 381,305 shares of the company's stock, valued at approximately C$1,792,133.50. This trade represents a 26.10% decrease in their ownership of the stock. Insiders have sold a total of 467,900 shares of company stock valued at $2,204,719 over the last three months. Company insiders own 38.49% of the company's stock.

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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