StorageVault Canada (TSE:SVI) Trading Down 1% - What's Next?

Key Points

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StorageVault Canada Inc. (TSE:SVI - Get Free Report) dropped 1% during trading on Monday . The stock traded as low as C$4.73 and last traded at C$4.74. Approximately 89,455 shares traded hands during trading, a decline of 73% from the average daily volume of 330,520 shares. The stock had previously closed at C$4.79.

Wall Street Analyst Weigh In

SVI has been the topic of several analyst reports. Desjardins upgraded StorageVault Canada from a "hold" rating to a "buy" rating and lifted their price target for the stock from C$4.25 to C$5.00 in a report on Thursday, July 24th. Royal Bank Of Canada set a C$5.50 price objective on StorageVault Canada and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Scotiabank raised their price objective on StorageVault Canada from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. CIBC cut their price objective on StorageVault Canada from C$4.75 to C$4.25 in a research report on Friday, April 25th. Finally, TD Securities raised their price objective 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. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$5.13.

StorageVault Canada Stock Performance

The company has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -34.64 and a beta of 0.89. The firm has a 50-day simple moving average of C$4.36 and a two-hundred day simple moving average of C$4.04.

Insider Transactions at StorageVault Canada

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

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.