StorageVault Canada Inc. Purchases 50,000 Shares of StorageVault Canada Inc. (TSE:SVI) Stock

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. acquired 50,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average cost of C$3.95 per share, with a total value of C$197,440.00.

StorageVault Canada Inc. also recently made the following trade(s):

• On Friday, November 29th, StorageVault Canada Inc. purchased 3,100 shares of StorageVault Canada stock. The stock was acquired at an average cost of C$4.05 per share, with a total value of C$12,547.56.
• On Thursday, November 14th, StorageVault Canada Inc. purchased 25,000 shares of StorageVault Canada stock. The shares were acquired at an average cost of C$3.92 per share, for a total transaction of C$97,930.00.

StorageVault Canada Price Performance

Shares of TSE:SVI traded down C$0.01 on Wednesday, reaching C$3.74. 132,041 shares of the company traded hands, compared to its average volume of 344,823. The stock has a market capitalization of C$1.40 billion, a PE ratio of -46.75 and a beta of 0.89. The company’s 50 day moving average is C$3.91 and its 200-day moving average is C$4.34. StorageVault Canada Inc. has a fifty-two week low of C$3.55 and a fifty-two week high of C$5.48.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SVI shares. Desjardins lowered shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 24th. Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Raymond James dropped their target price on StorageVault Canada from C$5.25 to C$4.70 in a report on Monday, January 13th. Scotiabank decreased their price target on StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Finally, CIBC set a C$5.00 price objective on StorageVault Canada and gave the stock a “negative” 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 stock. According to MarketBeat.com, StorageVault Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.62.

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.