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

Shares of StorageVault Canada Inc. (TSE:SVI) have been assigned a consensus rating of “Buy” from the nine research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$5.75.

A number of brokerages have recently weighed in on SVI. National Bank Financial set a C$6.25 price objective on shares of StorageVault Canada and gave the stock an “outperform” rating in a research note on Monday, April 20th. Raymond James Financial raised StorageVault Canada from an “outperform” rating to a “strong-buy” rating and reduced their target price for the company from C$5.50 to C$5.25 in a research note on Monday, June 1st.

StorageVault Canada Trading Down 0.8%

Shares of TSE SVI opened at C$4.70 on Tuesday. The company’s 50-day moving average price is C$4.41 and its 200 day moving average price is C$4.68. StorageVault Canada has a 52 week low of C$3.97 and a 52 week high of C$5.39. The stock has a market cap of C$1.72 billion, a price-to-earnings ratio of -117.50 and a beta of 0.81.

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