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

StorageVault Canada Inc. (TSE:SVI) has been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$5.81.

A number of research analysts have issued reports on the company. BMO Capital Markets set a C$5.50 price objective on StorageVault Canada and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Royal Bank Of Canada increased their price target on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Desjardins lifted 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 report on Friday, October 24th. Raymond James Financial boosted their target price on shares of 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. Finally, National Bankshares increased their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Friday, October 24th.

StorageVault Canada Stock Up 2.1%

Shares of TSE SVI opened at C$4.85 on Thursday. StorageVault Canada has a twelve month low of C$3.53 and a twelve month high of C$5.23. The stock’s 50 day moving average price is C$4.89 and its 200-day moving average price is C$4.53. The company has a market capitalization of C$1.77 billion, a PE ratio of -485.00 and a beta of 0.74.

StorageVault Canada (TSE:SVI) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.06 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.