StorageVault Canada (TSE:SVI) Shares Up 1.9% – Should You Buy?

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SVI shares. CIBC raised their price target on StorageVault Canada from C$4.75 to C$5.50 and gave the stock a “neutral” rating in a research note on Friday, October 24th. National Bankshares upped 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 note on Friday, October 24th. Royal Bank Of Canada increased their price objective on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. TD Securities boosted their target price on shares of StorageVault Canada from C$5.50 to C$6.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Canaccord Genuity Group upped their price target on shares of StorageVault Canada from C$5.00 to C$5.75 and gave the stock a “buy” rating in a research report on Friday, October 24th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$5.81.

StorageVault Canada Stock Up 1.9%

The company has a 50 day simple moving average of C$4.85 and a 200 day simple moving average of C$4.63. The company has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -480.00 and a beta of 0.71.

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

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.