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

StorageVault Canada Inc. (TSE:SVI) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$5.78.

Several analysts recently weighed in on the company. Raymond James Financial decreased their price objective on StorageVault Canada from C$5.75 to C$5.50 and set an “outperform” rating for the company in a report on Thursday, April 23rd. National Bank Financial set a C$6.25 target price on shares of StorageVault Canada and gave the stock an “outperform” rating in a report on Monday, April 20th.

StorageVault Canada Price Performance

SVI stock opened at C$4.28 on Friday. The business has a 50-day moving average price of C$4.41 and a 200 day moving average price of C$4.72. The company has a market capitalization of C$1.56 billion, a P/E ratio of -107.00 and a beta of 0.65. StorageVault Canada has a 1-year low of C$3.68 and a 1-year high of C$5.39.

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

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.