Insider Buying: StorageVault Canada Inc. (TSE:SVI) Director Buys C$19,880.00 in Stock

StorageVault Canada Inc. (TSE:SVI) Director Deborah Wallis Robinson purchased 5,000 shares of the stock in a transaction on Monday, January 13th. The shares were bought at an average price of C$3.98 per share, for a total transaction of C$19,880.00.

StorageVault Canada Trading Up 0.5 %

Shares of SVI stock opened at C$3.95 on Friday. StorageVault Canada Inc. has a 12 month low of C$3.82 and a 12 month high of C$5.48. The company has a market capitalization of C$1.47 billion, a P/E ratio of -49.38 and a beta of 0.89. The stock has a 50 day moving average of C$3.99 and a two-hundred day moving average of C$4.46.

StorageVault Canada (TSE:SVI) last issued 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 firm had revenue of C$78.96 million during the quarter.

Wall Street Analyst Weigh In

SVI has been the subject of several recent analyst reports. Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. Raymond James decreased their price target on shares of StorageVault Canada from C$5.25 to C$4.70 in a report on Monday, January 13th. Desjardins lowered StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. CIBC set a C$5.00 target price on StorageVault Canada and gave the company a “negative” rating in a research note on Tuesday, December 17th. Finally, Scotiabank dropped their price target on StorageVault Canada from C$5.75 to C$5.50 in a research report on Friday, October 25th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$5.65.

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.