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

Shares of StorageVault Canada Inc. (TSE:SVI) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$5.78.

SVI has been the subject of several recent research reports. Raymond James Financial cut their target price on shares of StorageVault Canada from C$5.75 to C$5.50 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. National Bank Financial set a C$6.25 price objective on StorageVault Canada and gave the stock an “outperform” rating in a research report on Monday, April 20th.

StorageVault Canada Trading Down 0.2%

Shares of TSE:SVI opened at C$4.16 on Friday. The company has a 50 day moving average of C$4.43 and a 200-day moving average of C$4.73. The firm has a market cap of C$1.52 billion, a P/E ratio of -104.00 and a beta of 0.65. StorageVault Canada has a twelve month low of C$3.68 and a twelve month high of C$5.39.

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

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.