StorageVault Canada Inc. (TSE:SVI) Receives Average Rating of “Buy” from Brokerages

StorageVault Canada Inc. (TSE:SVI) has been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$5.81.

A number of research firms recently weighed in on SVI. National Bank Financial set a C$6.25 price target on shares of StorageVault Canada and gave the company an “outperform” rating in a research report on Monday, April 20th. Raymond James Financial upgraded shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the company from C$5.50 to C$5.25 in a research note on Monday, June 1st. Finally, Royal Bank Of Canada lifted their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research report on Friday, July 24th.

Insider Activity at StorageVault Canada

In other StorageVault Canada news, insider Access Self Storage Inc. purchased 89,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The shares were acquired at an average cost of C$4.60 per share, for a total transaction of C$412,620.00. Following the completion of the acquisition, the insider owned 136,992,005 shares of the company’s stock, valued at C$630,163,223. The trade was a 0.07% increase in their position. Insiders own 38.49% of the company’s stock.

StorageVault Canada Trading Up 0.4%

TSE SVI opened at C$4.82 on Wednesday. The firm has a market capitalization of C$1.76 billion, a P/E ratio of -117.56 and a beta of 0.82. The business has a fifty day simple moving average of C$4.69 and a 200 day simple moving average of C$4.65. StorageVault Canada has a 12 month low of C$4.11 and a 12 month high of C$5.39.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%.The firm had revenue of C$91.09 million for the quarter.

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. 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.