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

Shares of StorageVault Canada Inc. (TSE:SVI) have earned an average rating of “Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$5.81.

A number of brokerages have commented on SVI. Royal Bank Of Canada upped 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 note on Friday, July 24th. Raymond James Financial raised shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from C$5.50 to C$5.25 in a research note on Monday, June 1st.

Insider Buying and Selling

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

StorageVault Canada Trading Up 0.4%

TSE SVI opened at C$4.47 on Friday. The company’s 50-day moving average price is C$4.72 and its 200-day moving average price is C$4.61. The stock has a market cap of C$1.63 billion, a PE ratio of -109.02 and a beta of 0.82. 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 announced its quarterly earnings data on Wednesday, July 22nd. The company reported C($0.02) earnings per share for the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%. The company had revenue of C$91.09 million for the quarter.

About StorageVault Canada

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.