Analysts Set StorageVault Canada Inc. (TSE:SVI) PT at C$5.86

StorageVault Canada Inc. (TSE:SVI) has been given a consensus rating of “Buy” by the seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five 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 issued a report on the stock in the last year is C$5.86.

SVI has been the topic of several recent research reports. Royal Bank Of Canada raised their price objective on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a report on Friday, July 24th. Raymond James Financial raised StorageVault Canada from an “outperform” rating to a “strong-buy” rating and lowered their target price for the stock from C$5.50 to C$5.25 in a report on Monday, June 1st.

Insider Buying and Selling at StorageVault Canada

In other news, insider Access Self Storage Inc. acquired 89,700 shares of the stock in a transaction dated Wednesday, July 15th. The stock was bought at an average price of C$4.60 per share, with a total value of C$412,620.00. Following the completion of the purchase, the insider directly owned 136,992,005 shares of the company’s stock, valued at C$630,163,223. This represents a 0.07% increase in their position. Company insiders own 38.49% of the company’s stock.

StorageVault Canada Price Performance

Shares of TSE:SVI opened at C$4.22 on Thursday. StorageVault Canada has a one year low of C$4.09 and a one year high of C$5.39. The company has a market cap of C$1.54 billion, a price-to-earnings ratio of -102.93 and a beta of 0.70. The firm has a 50 day simple moving average of C$4.52 and a 200 day simple moving average of C$4.51.

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

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.