Key Points
- Insider Access Self Storage Inc. bought 89,700 shares of StorageVault Canada at C$4.60 each, spending a total of C$412,620. The purchase lifted its stake to 136,992,005 shares.
- StorageVault Canada’s stock was trading at C$4.88, within a 12-month range of C$4.10 to C$5.39. The company has a market cap of about C$1.78 billion and a beta of 0.77.
- Analysts remain mostly positive on the stock, with a consensus rating of Buy and an average price target of C$5.75. Raymond James recently upgraded the shares to strong-buy, while National Bank Financial set a C$6.25 target.
StorageVault Canada Inc. (TSE:SVI - Get Free Report) insider Access Self Storage Inc. acquired 89,700 shares of StorageVault Canada stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average price of C$4.60 per share, with a total value of C$412,620.00. Following the transaction, the insider owned 136,992,005 shares in the company, valued at approximately C$630,163,223. This represents a 0.07% increase in their position.
StorageVault Canada Price Performance
TSE SVI opened at C$4.88 on Tuesday. StorageVault Canada Inc. has a 12 month low of C$4.10 and a 12 month high of C$5.39. The company has a market capitalization of C$1.78 billion, a P/E ratio of -122.00 and a beta of 0.77. The company's 50 day simple moving average is C$4.56 and its 200 day simple moving average is C$4.67.
StorageVault Canada (TSE:SVI - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$85.22 million for the quarter. StorageVault Canada had a negative return on equity of 14.88% and a negative net margin of 4.28%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Raymond James Financial raised StorageVault Canada from an "outperform" rating to a "strong-buy" rating and cut their target price for the stock from C$5.50 to C$5.25 in a research report on Monday, June 1st. National Bank Financial set a C$6.25 price target on StorageVault Canada and gave the stock an "outperform" rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$5.75.
Check Out Our Latest Research Report on StorageVault Canada
StorageVault Canada Company Profile
(
Get Free Report)
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. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.
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