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

Shares of StorageVault Canada Inc. (TSE:SVI) have been assigned a consensus rating of “Buy” from the eight research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$5.81.

Several analysts have issued reports on SVI shares. Royal Bank Of Canada increased their price objective on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Friday, July 24th. National Bank Financial set a C$6.25 price target on shares of StorageVault Canada and gave the company an “outperform” rating in a report on Monday, April 20th. Finally, Raymond James Financial raised shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and dropped their price target for the stock from C$5.50 to C$5.25 in a research note on Monday, June 1st.

StorageVault Canada Price Performance

TSE:SVI opened at C$4.92 on Wednesday. The business’s 50-day moving average is C$4.64 and its two-hundred day moving average is C$4.67. The firm has a market capitalization of C$1.80 billion, a PE ratio of -120.00 and a beta of 0.77. 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 earnings results on Wednesday, July 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. The company 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%.

Insider Activity

In other StorageVault Canada news, insider Access Self Storage Inc. purchased 89,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The shares were acquired at an average price of C$4.60 per share, for a total transaction of C$412,620.00. Following the completion of the purchase, the insider owned 136,992,005 shares in the company, 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.

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.