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

Shares of StorageVault Canada Inc. (TSE:SVI) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$5.81.

SVI has been the subject of several analyst reports. Raymond James Financial raised their price target on shares of StorageVault Canada from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a report 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 research report on Friday, October 24th. Canaccord Genuity Group lifted their target price on shares of StorageVault Canada from C$5.00 to C$5.75 and gave the stock a “buy” rating in a research note on Friday, October 24th. CIBC upped their price target on shares of StorageVault Canada from C$4.75 to C$5.50 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, TD Securities upped their price target 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.

StorageVault Canada Stock Up 1.3%

Shares of TSE:SVI opened at C$4.86 on Monday. The business has a fifty day simple moving average of C$4.85 and a 200 day simple moving average of C$4.65. StorageVault Canada has a 12-month low of C$3.53 and a 12-month high of C$5.23. The firm has a market cap of C$1.77 billion, a P/E ratio of -486.00 and a beta of 0.71.

StorageVault Canada (TSE:SVI) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.06 earnings per share (EPS) for the quarter. The company had revenue of C$88.52 million during 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. 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.