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

Shares of StorageVault Canada Inc. (TSE:SVI) have been assigned an average rating of “Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating 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 analysts have issued reports on the company. Raymond James Financial raised StorageVault Canada from an “outperform” rating to a “strong-buy” rating and dropped their target price for the company from C$5.50 to C$5.25 in a research report on Monday, June 1st. National Bank Financial set a C$6.25 price target on StorageVault Canada and gave the stock an “outperform” rating in a research report on Monday, April 20th.

StorageVault Canada Stock Performance

TSE SVI opened at C$4.78 on Friday. The firm’s 50 day moving average price is C$4.47 and its 200-day moving average price is C$4.66. StorageVault Canada has a 52-week low of C$4.00 and a 52-week high of C$5.39. The company has a market cap of C$1.75 billion, a PE ratio of -119.50 and a beta of 0.77.

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

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. 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.