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

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

A number of analysts have recently weighed in on SVI shares. National Bank Financial set a C$6.25 price objective on StorageVault Canada and gave the stock an “outperform” rating in a research report 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 report on Monday, June 1st.

StorageVault Canada Stock Up 0.8%

TSE:SVI opened at C$4.78 on Friday. StorageVault Canada has a 52 week low of C$4.00 and a 52 week high of C$5.39. The firm has a 50 day moving average of C$4.47 and a 200 day moving average of C$4.66. The stock has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -119.50 and a beta of 0.77.

StorageVault Canada (TSE:SVI) last released its quarterly earnings results on Wednesday, April 22nd. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm 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.