StorageVault Canada (TSE:SVI) Price Target Cut to C$5.25 by Analysts at Scotiabank

StorageVault Canada (TSE:SVI) had its target price lowered by Scotiabank from C$5.50 to C$5.25 in a research note released on Tuesday morning,BayStreet.CA reports.

Several other research firms also recently weighed in on SVI. Desjardins downgraded StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 24th. National Bankshares lifted their price objective on StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. Raymond James reduced their target price on shares of StorageVault Canada from C$5.25 to C$4.70 in a report on Monday, January 13th. CIBC set a C$5.00 price target on shares of StorageVault Canada and gave the company a “negative” rating in a report on Tuesday, December 17th. Finally, Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$5.62.

StorageVault Canada Price Performance

SVI stock opened at C$3.91 on Tuesday. StorageVault Canada has a 1-year low of C$3.82 and a 1-year high of C$5.48. The stock has a market capitalization of C$1.46 billion, a P/E ratio of -48.88 and a beta of 0.89. The business has a fifty day moving average price of C$3.99 and a 200-day moving average price of C$4.45.

StorageVault Canada (TSE:SVI) last released its quarterly earnings data on Wednesday, October 23rd. The company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.08). The company had revenue of C$78.96 million for the quarter. StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%.

Insiders Place Their Bets

In other news, insider StorageVault Canada Inc. purchased 25,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of C$3.92 per share, for a total transaction of C$97,930.00. Insiders have purchased 56,100 shares of company stock worth $224,858 in the last three months. 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.