StorageVault Canada Inc. (TSE:SVI) Receives C$5.86 Consensus Price Target from Analysts

StorageVault Canada Inc. (TSE:SVI) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$5.86.

A number of brokerages have weighed in on SVI. Raymond James Financial raised StorageVault Canada from an “outperform” rating to a “strong-buy” rating and decreased their target price for the stock from C$5.50 to C$5.25 in a research report on Monday, June 1st. Royal Bank Of Canada raised their price objective 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, July 24th.

Insider Buying and Selling at StorageVault Canada

In other news, insider Access Self Storage Inc. acquired 89,700 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were acquired at an average price of C$4.60 per share, for a total transaction of C$412,620.00. Following the completion of the transaction, the insider directly owned 136,992,005 shares of the company’s stock, valued at approximately C$630,163,223. The trade was a 0.07% increase in their position. Corporate insiders own 38.49% of the company’s stock.

StorageVault Canada Stock Up 1.0%

TSE SVI opened at C$4.19 on Thursday. StorageVault Canada has a twelve month low of C$4.09 and a twelve month high of C$5.39. The firm has a market capitalization of C$1.53 billion, a PE ratio of -102.20 and a beta of 0.70. The stock’s 50 day moving average is C$4.55 and its 200 day moving average is C$4.52.

StorageVault Canada (TSE:SVI) last announced its earnings results on Wednesday, July 22nd. The company reported C($0.02) earnings per share for the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%. The business had revenue of C$91.09 million for 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.