Scotiabank Issues Pessimistic Forecast for StorageVault Canada (TSE:SVI) Stock Price

StorageVault Canada (TSE:SVI) had its price objective decreased by Scotiabank from C$5.50 to C$5.25 in a research note released on Tuesday,BayStreet.CA reports.

SVI has been the topic of a number of other research reports. Cibc World Mkts raised StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Desjardins lowered StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. National Bankshares boosted their target price on StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. CIBC set a C$5.00 price target on StorageVault Canada and gave the company a “negative” rating in a research note on Tuesday, December 17th. Finally, Raymond James reduced their price objective on shares of StorageVault Canada from C$5.25 to C$4.70 in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.62.

StorageVault Canada Trading Down 3.6 %

StorageVault Canada stock opened at C$3.76 on Tuesday. The company has a market cap of C$1.40 billion, a PE ratio of -47.00 and a beta of 0.89. StorageVault Canada has a 1 year low of C$3.75 and a 1 year high of C$5.48. The company’s 50-day moving average is C$3.98 and its two-hundred day moving average is C$4.44.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported C($0.02) earnings per share 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 business had revenue of C$78.96 million during the quarter.

Insider Buying and Selling

In related news, insider StorageVault Canada Inc. purchased 25,000 shares of StorageVault Canada stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of C$3.92 per share, for a total transaction of C$97,930.00. In the last three months, insiders acquired 56,100 shares of company stock valued at $224,858. 38.49% of the stock is owned by corporate insiders.

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.