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

StorageVault Canada Inc. (TSE:SVI) has received an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$5.17.

Several equities analysts have recently commented on SVI shares. CIBC reduced their price target on shares of StorageVault Canada from C$4.75 to C$4.25 in a research report on Friday, April 25th. Desjardins reduced their price target on shares of StorageVault Canada from C$4.75 to C$4.25 and set a “hold” rating on the stock in a research report on Monday, April 28th. Canaccord Genuity Group raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and reduced their price target for the stock from C$5.00 to C$4.50 in a research report on Monday, February 24th. Royal Bank of Canada set a C$5.50 price target on shares of StorageVault Canada and gave the stock an “outperform” rating in a research report on Wednesday, May 21st. Finally, Raymond James increased their price target on shares of StorageVault Canada from C$4.70 to C$4.75 and gave the stock an “outperform” rating in a research report on Thursday, April 24th.

StorageVault Canada Stock Performance

Shares of SVI stock opened at C$4.14 on Thursday. StorageVault Canada has a one year low of C$3.53 and a one year high of C$5.26. The company’s 50-day simple moving average is C$3.82 and its 200-day simple moving average is C$3.89. The stock has a market capitalization of C$1.52 billion, a price-to-earnings ratio of -30.13 and a beta of 0.89.

StorageVault Canada Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.0029 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.01 annualized dividend and a dividend yield of 0.28%. StorageVault Canada’s payout ratio is currently -7.28%.

Insider Buying and Selling at StorageVault Canada

In other news, insider StorageVault Canada Inc. purchased 25,000 shares of the stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of C$3.95 per share, for a total transaction of C$98,742.50. Also, Director Benjamin Harris sold 30,000 shares of StorageVault Canada stock in a transaction on Monday, May 5th. The shares were sold at an average price of C$3.78, for a total value of C$113,439.00. 38.49% of the stock is owned by company 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.