StorageVault Canada Inc. (TSE:SVI) Receives C$5.47 Average Target Price from Brokerages

Shares of StorageVault Canada Inc. (TSE:SVI) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$5.47.

Several research analysts have recently weighed in on the stock. CIBC cut their price objective on shares of StorageVault Canada from C$5.00 to C$4.75 in a report on Monday, February 24th. Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Raymond James raised shares of StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. Scotiabank cut their target price on StorageVault Canada from C$5.50 to C$5.25 in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group raised StorageVault Canada from a “hold” rating to a “buy” rating and lowered their price target for the company from C$5.00 to C$4.50 in a research report on Monday, February 24th.

StorageVault Canada Trading Down 0.5 %

StorageVault Canada stock opened at C$3.93 on Friday. The stock has a fifty day moving average price of C$3.87 and a 200 day moving average price of C$4.17. StorageVault Canada has a 52 week low of C$3.55 and a 52 week high of C$5.29. The firm has a market capitalization of C$1.45 billion, a P/E ratio of -28.60 and a beta of 0.89.

StorageVault Canada Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.0029 per share. This represents a $0.01 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Monday, March 31st. StorageVault Canada’s dividend payout ratio (DPR) is -7.28%.

Insider Buying and Selling at StorageVault Canada

In related news, insider StorageVault Canada Inc. acquired 50,000 shares of StorageVault Canada stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of C$3.95 per share, for a total transaction of C$197,440.00. 38.49% of the stock is currently owned by corporate insiders.

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.