StorageVault Canada Inc. (TSE:SVI) Given Average Recommendation of “Buy” by Brokerages

Shares of StorageVault Canada Inc. (TSE:SVI) have received an average rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$5.86.

Several equities research analysts have issued reports on the company. Royal Bank Of Canada increased their target price on 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. Raymond James Financial upgraded StorageVault Canada from an “outperform” rating to a “strong-buy” rating and reduced their target price for the stock from C$5.50 to C$5.25 in a research report on Monday, June 1st.

Insider Activity at StorageVault Canada

In related news, insider Access Self Storage Inc. acquired 89,700 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 136,992,005 shares in the company, valued at approximately C$630,163,223. This trade represents a 0.07% increase in their ownership of the stock. Insiders own 38.49% of the company’s stock.

StorageVault Canada Stock Up 0.5%

Shares of TSE:SVI opened at C$4.15 on Thursday. The firm has a market capitalization of C$1.52 billion, a PE ratio of -101.22 and a beta of 0.70. The company has a 50-day moving average price of C$4.58 and a two-hundred day moving average price of C$4.53. StorageVault Canada has a twelve month low of C$4.09 and a twelve month high of C$5.39.

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

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.