StorageVault Canada (TSE:SVI) Director Deborah Wallis Robinson Acquires 7,242 Shares of Stock

StorageVault Canada Inc. (TSE:SVI) Director Deborah Wallis Robinson bought 7,242 shares of the stock in a transaction on Friday, October 30th. The stock was purchased at an average price of C$4.03 per share, for a total transaction of C$29,185.26. Following the purchase, the director directly owned 20,388 shares of the company’s stock, valued at approximately C$82,163.64. This represents a 55.09% increase in their ownership of the stock.

StorageVault Canada Stock Up 2.2%

Shares of SVI traded up C$0.09 during mid-day trading on Monday, hitting C$4.10. 551,894 shares of the company’s stock were exchanged, compared to its average volume of 318,813. StorageVault Canada Inc. has a twelve month low of C$4.00 and a twelve month high of C$5.39. The firm has a fifty day moving average of C$4.23 and a two-hundred day moving average of C$4.55. The stock has a market cap of C$1.50 billion, a price-to-earnings ratio of -35.65 and a beta of 0.79.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings results on Wednesday, October 21st. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative net margin of 11.77% and a negative return on equity of 50.22%. The company had revenue of C$94.24 million for the quarter.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SVI shares. Desjardins lowered their target price on shares of StorageVault Canada from C$6.00 to C$5.25 and set a “buy” rating on the stock in a research note on Friday, October 23rd. ATB Cormark Capital Markets cut their target price on shares of StorageVault Canada from C$6.00 to C$5.15 and set an “outperform” rating for the company in a research report on Friday, October 23rd. Royal Bank Of Canada upped their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a report on Friday, July 24th. Raymond James Financial downgraded StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and lowered their price target for the company from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Finally, Canaccord Genuity Group lowered their price target on StorageVault Canada from C$5.75 to C$5.25 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Six research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, StorageVault Canada currently has an average rating of “Buy” and an average target price of C$5.52.

StorageVault Canada Company Profile

StorageVault currently owns and operates 275 storage locations across Canada. StorageVault owns 243 of these locations plus over 5,000 portable storage units representing over 13.8 million rentable square feet on 802 acres of land. StorageVault also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging and shredding services.