StorageVault Canada Inc. (TSE:SVI) Receives C$5.81 Average Price Target from Analysts

StorageVault Canada Inc. (TSE:SVI) has earned an average rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$5.86.

A number of equities research analysts have commented on the company. Raymond James Financial upgraded 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. Royal Bank Of Canada increased their price target on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a report on Friday, July 24th.

Insider Transactions at StorageVault Canada

In related news, insider Access Self Storage Inc. bought 89,700 shares of the firm’s stock in a transaction on Wednesday, July 15th. The shares were bought at an average price of C$4.60 per share, with a total value 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 C$630,163,223. This represents a 0.07% increase in their position. Company insiders own 38.49% of the company’s stock.

StorageVault Canada Stock Performance

SVI stock opened at C$4.40 on Friday. The firm has a market cap of C$1.61 billion, a PE ratio of -107.32 and a beta of 0.82. The firm’s 50 day moving average price is C$4.69 and its 200-day moving average price is C$4.59. StorageVault Canada has a one year low of C$4.11 and a one year high of C$5.39.

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

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.