StorageVault Canada Inc. (TSE:SVI) Given Average Rating of “Moderate Buy” by Analysts

Shares of StorageVault Canada Inc. (TSE:SVI) have received an average rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$5.81.

Several research firms recently commented on SVI. Raymond James Financial raised their price target on shares of StorageVault Canada from C$5.50 to C$5.75 and gave the company an “outperform” rating in a report on Friday, October 24th. CIBC raised their price objective on shares of StorageVault Canada from C$4.75 to C$5.50 and gave the stock a “neutral” rating in a report on Friday, October 24th. Royal Bank Of Canada upped their target price on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Canaccord Genuity Group lifted their price objective on shares of StorageVault Canada from C$5.00 to C$5.75 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, National Bankshares increased their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a report on Friday, October 24th.

StorageVault Canada Price Performance

Shares of SVI stock opened at C$4.71 on Monday. The firm has a market capitalization of C$1.72 billion, a PE ratio of -471.00 and a beta of 0.71. StorageVault Canada has a 1-year low of C$3.53 and a 1-year high of C$5.23. The business’s fifty day moving average price is C$4.84 and its 200 day moving average price is C$4.67.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.06 EPS for the quarter. StorageVault Canada had a negative return on equity of 28.74% and a negative net margin of 17.21%.The business had revenue of C$88.52 million for the quarter.

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.