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

StorageVault Canada Inc. (TSE:SVI) has received an average rating of “Buy” from the nine analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$5.75.

Several research firms have recently commented on SVI. 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. Raymond James Financial raised shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from C$5.50 to C$5.25 in a report on Monday, June 1st.

StorageVault Canada Stock Performance

TSE SVI opened at C$4.49 on Tuesday. StorageVault Canada has a one year low of C$3.97 and a one year high of C$5.39. The company has a 50-day simple moving average of C$4.38 and a 200-day simple moving average of C$4.68. The firm has a market capitalization of C$1.64 billion, a PE ratio of -112.25 and a beta of 0.81.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported C($0.04) EPS for the quarter. StorageVault Canada had a negative net margin of 4.28% and a negative return on equity of 14.88%. The business had revenue of C$85.22 million during the quarter.

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.