Insider Buying: StorageVault Canada Inc. (TSE:SVI) Insider Buys 50,000 Shares of Stock

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. bought 50,000 shares of the stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of C$3.95 per share, for a total transaction of C$197,440.00.

StorageVault Canada Inc. also recently made the following trade(s):

• On Friday, November 29th, StorageVault Canada Inc. bought 3,100 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$4.05 per share, for a total transaction of C$12,547.56.
• On Thursday, November 14th, StorageVault Canada Inc. bought 25,000 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$3.92 per share, for a total transaction of C$97,930.00.

StorageVault Canada Trading Down 0.5 %

Shares of SVI opened at C$3.71 on Friday. The stock has a market cap of C$1.36 billion, a P/E ratio of -27.00 and a beta of 0.89. The company has a 50-day moving average of C$3.89 and a two-hundred day moving average of C$4.32. StorageVault Canada Inc. has a 12-month low of C$3.55 and a 12-month high of C$5.48.

Wall Street Analyst Weigh In

Several brokerages recently commented on SVI. 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. CIBC set a C$5.00 price objective on shares of StorageVault Canada and gave the company a “negative” rating in a research note on Tuesday, December 17th. Scotiabank reduced their price objective on shares of StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Desjardins cut shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, StorageVault Canada currently has an average rating of “Moderate Buy” and an average target price of C$5.62.

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.