StorageVault Canada (TSE:SVI) Price Target Cut to C$4.70 by Analysts at Raymond James

StorageVault Canada (TSE:SVI) had its price objective decreased by Raymond James from C$5.25 to C$4.70 in a research note released on Monday morning,BayStreet.CA reports.

A number of other analysts have also recently commented on the stock. National Bankshares boosted their target price on shares of StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. CIBC set a C$5.00 target price on shares of StorageVault Canada and gave the company a “negative” rating in a research note on Tuesday, December 17th. Scotiabank lowered their target price on shares of StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th. Finally, Desjardins downgraded StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$5.65.

StorageVault Canada Price Performance

SVI opened at C$3.96 on Monday. The firm has a market capitalization of C$1.48 billion, a price-to-earnings ratio of -49.50 and a beta of 0.89. StorageVault Canada has a one year low of C$3.82 and a one year high of C$5.48. The business has a 50 day simple moving average of C$4.01 and a two-hundred day simple moving average of C$4.47.

StorageVault Canada (TSE:SVI) last announced its earnings results on Wednesday, October 23rd. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.08). StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%. The business had revenue of C$78.96 million for the quarter.

Insiders Place Their Bets

In related news, insider StorageVault Canada Inc. purchased 25,000 shares of StorageVault Canada stock in a transaction dated Thursday, November 14th. The stock was purchased at an average cost of C$3.92 per share, for a total transaction of C$97,930.00. In the last quarter, insiders acquired 51,100 shares of company stock valued at $204,978. Corporate insiders own 38.49% of the company’s stock.

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.