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

Shares of StorageVault Canada Inc. (TSE:SVI) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$5.47.

A number of analysts recently issued reports on SVI shares. Raymond James raised StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. Scotiabank cut their price objective on StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. Canaccord Genuity Group upgraded shares of StorageVault Canada from a “hold” rating to a “buy” rating and lowered their target price for the stock from C$5.00 to C$4.50 in a report on Monday, February 24th. Finally, CIBC decreased their price objective on shares of StorageVault Canada from C$5.00 to C$4.75 in a research report on Monday, February 24th.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 10,200 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of C$3.97 per share, for a total transaction of C$40,446.06. Corporate insiders own 38.49% of the company’s stock.

StorageVault Canada Trading Up 0.3 %

StorageVault Canada stock opened at C$3.73 on Wednesday. The company has a fifty day simple moving average of C$3.86 and a 200 day simple moving average of C$4.01. StorageVault Canada has a 1-year low of C$3.53 and a 1-year high of C$5.26. The company has a market cap of C$1.37 billion, a P/E ratio of -27.15 and a beta of 0.89.

StorageVault Canada Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a $0.0029 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.01 annualized dividend and a yield of 0.31%. StorageVault Canada’s dividend payout ratio is currently -7.28%.

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.