Scotiabank Cuts StorageVault Canada (TSE:SVI) Price Target to C$5.25

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

Other research analysts have also recently issued reports about the company. National Bankshares raised their target price on StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. Desjardins downgraded shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 24th. 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. Raymond James cut their price target on shares of StorageVault Canada from C$5.25 to C$4.70 in a research note on Monday, January 13th. Finally, Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, three have assigned 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$5.62.

StorageVault Canada Stock Performance

Shares of SVI opened at C$3.76 on Tuesday. The company has a 50-day simple moving average of C$3.98 and a 200-day simple moving average of C$4.44. StorageVault Canada has a 52 week low of C$3.75 and a 52 week high of C$5.48. The firm has a market capitalization of C$1.40 billion, a P/E ratio of -47.00 and a beta of 0.89.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported C($0.02) EPS for the quarter, missing the consensus estimate 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.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 25,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of C$3.92 per share, for a total transaction of C$97,930.00. Over the last 90 days, insiders bought 56,100 shares of company stock valued at $224,858. 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.