ATB Cormark Capital Markets Has Lowered Expectations for StorageVault Canada (TSE:SVI) Stock Price

StorageVault Canada (TSE:SVI – Get Free Report) had its target price decreased by equities researchers at ATB Cormark Capital Markets from C$6.00 to C$5.15 in a report released on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s target price indicates a potential upside of 22.33% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Canaccord Genuity Group dropped their price target on StorageVault Canada from C$5.75 to C$5.25 and set a “buy” rating for the company in a research note on Friday. National Bank Financial dropped their target price on StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Wednesday. Royal Bank Of Canada increased their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Raymond James Financial lowered StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and cut their price target for the company from C$5.75 to C$5.25 in a research note on Friday, October 2nd. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$5.52.

Get Our Latest Analysis on StorageVault Canada

StorageVault Canada Trading Down 0.5%

StorageVault Canada stock traded down C$0.02 during mid-day trading on Friday, reaching C$4.21. The company had a trading volume of 190,729 shares, compared to its average volume of 313,566. StorageVault Canada has a fifty-two week low of C$4.02 and a fifty-two week high of C$5.39. The company has a market cap of C$1.54 billion, a P/E ratio of -102.68 and a beta of 0.79. The business has a fifty day simple moving average of C$4.27 and a 200 day simple moving average of C$4.46.

StorageVault Canada (TSE:SVI – Get Free Report) last posted its earnings results on Wednesday, October 21st. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$94.24 million for the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%.

Insider Buying and Selling

In related news, insider Storagevault Canada Inc. bought 10,000 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were purchased at an average cost of C$4.21 per share, with a total value of C$42,100.00. Following the acquisition, the insider owned 10,000 shares of the company’s stock, valued at C$42,100. This represents a ∞ increase in their ownership of the stock. Over the last 90 days, insiders bought 44,282 shares of company stock worth $184,627. 38.49% of the stock is currently owned by insiders.

About StorageVault Canada

(Get Free Report)

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.

Further Reading

Analyst Recommendations for StorageVault Canada (TSE:SVI)

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