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

Shares of StorageVault Canada Inc. (TSE:SVI) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the stock, Marketbeat Ratings 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 12 month price target among analysts that have issued ratings on the stock in the last year is C$5.81.

Several equities research analysts have recently issued reports on SVI shares. TD Securities raised their price target on 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. Raymond James Financial lifted their price target on StorageVault Canada from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Canaccord Genuity Group increased their price objective on StorageVault Canada from C$5.00 to C$5.75 and gave the company a “buy” rating in a research report on Friday, October 24th. National Bankshares boosted their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, Desjardins increased their price target on shares of StorageVault Canada from C$5.00 to C$6.00 and gave the company a “buy” rating in a report on Friday, October 24th.

StorageVault Canada Stock Up 2.3%

Shares of StorageVault Canada stock opened at C$5.27 on Friday. StorageVault Canada has a 12-month low of C$3.53 and a 12-month high of C$5.39. The stock has a 50 day moving average price of C$4.88 and a two-hundred day moving average price of C$4.78. The stock has a market capitalization of C$1.92 billion, a P/E ratio of -527.00 and a beta of 0.65.

StorageVault Canada (TSE:SVI) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.06 earnings per share for the quarter. StorageVault Canada had a negative net margin of 17.21% and a negative return on equity of 28.74%. The business had revenue of C$88.52 million during the quarter.

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.