StorageVault Canada (TSE:SVI) Trading Up 1.9% – Time to Buy?

StorageVault Canada Inc. (TSE:SVI) shares traded up 1.9% on Thursday . The stock traded as high as C$4.84 and last traded at C$4.80. 136,281 shares changed hands during trading, a decline of 54% from the average session volume of 297,815 shares. The stock had previously closed at C$4.71.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank Of Canada upped their price target on StorageVault Canada from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Raymond James Financial boosted their price objective on StorageVault Canada from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Friday, October 24th. BMO Capital Markets set a C$5.50 target price on shares of StorageVault Canada and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Desjardins increased their price objective on shares of StorageVault Canada from C$5.00 to C$6.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, TD Securities raised their price objective on shares of StorageVault Canada from C$5.50 to C$6.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$5.81.

StorageVault Canada Trading Up 1.3%

The firm has a market cap of C$1.77 billion, a PE ratio of -486.00 and a beta of 0.71. The company has a 50-day simple moving average of C$4.85 and a 200 day simple moving average of C$4.64.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.06 earnings per share (EPS) for the quarter. StorageVault Canada had a negative net margin of 17.21% and a negative return on equity of 28.74%. The firm had revenue of C$88.52 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.