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

Shares of StorageVault Canada Inc. (TSE:SVI) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$5.13.

Several research analysts have commented on SVI shares. Scotiabank decreased their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. Canaccord Genuity Group raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and decreased their price objective for the stock from C$5.00 to C$4.50 in a research note on Monday, February 24th. Raymond James increased their target price on StorageVault Canada from C$4.70 to C$4.75 and gave the company an “outperform” rating in a report on Thursday, April 24th. CIBC lowered their price target on StorageVault Canada from C$4.75 to C$4.25 in a report on Friday, April 25th. Finally, Desjardins reduced their price objective on StorageVault Canada from C$4.75 to C$4.25 and set a “hold” rating for the company in a research note on Monday, April 28th.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of C$3.95 per share, for a total transaction of C$98,742.50. Also, Director Benjamin Harris sold 30,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of C$3.78, for a total transaction of C$113,439.00. Insiders bought 41,600 shares of company stock valued at $162,890 in the last three months. Corporate insiders own 38.49% of the company’s stock.

StorageVault Canada Stock Up 0.8 %

TSE:SVI opened at C$3.86 on Friday. The stock has a fifty day simple moving average of C$3.82 and a 200 day simple moving average of C$3.91. The firm has a market capitalization of C$1.42 billion, a price-to-earnings ratio of -28.09 and a beta of 0.89. StorageVault Canada has a 1-year low of C$3.53 and a 1-year high of C$5.26.

StorageVault Canada Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.0029 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.01 dividend on an annualized basis and a yield of 0.30%. StorageVault Canada’s dividend payout ratio (DPR) is currently -7.28%.

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.