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

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

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

Insider Buying and Selling at StorageVault Canada

In other news, insider StorageVault Canada Inc. purchased 50,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of C$3.95 per share, with a total value of C$197,440.00. Insiders purchased 85,200 shares of company stock valued at $336,629 in the last quarter. Company insiders own 38.49% of the company’s stock.

StorageVault Canada Price Performance

TSE SVI opened at C$3.68 on Wednesday. StorageVault Canada has a 12 month low of C$3.53 and a 12 month high of C$5.26. The company has a market capitalization of C$1.35 billion, a P/E ratio of -26.78 and a beta of 0.89. The company’s 50 day simple moving average is C$3.86 and its 200 day simple moving average is C$4.05.

StorageVault Canada Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.0029 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.01 dividend on an annualized basis and a yield of 0.32%. StorageVault Canada’s payout ratio is -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.