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

Shares of StorageVault Canada Inc. (TSE:SVI) have received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$5.81.

SVI has been the subject of a number of analyst reports. CIBC lifted their price objective on shares of StorageVault Canada from C$4.75 to C$5.50 and gave the company a “neutral” rating in a report on Friday, October 24th. BMO Capital Markets set a C$5.50 price target on shares of StorageVault Canada and gave the company an “outperform” rating in a research report on Wednesday, August 27th. TD Securities boosted their price objective on StorageVault Canada from C$5.50 to C$6.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Desjardins raised their target price on StorageVault Canada from C$5.00 to C$6.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Raymond James Financial upped their price target on StorageVault Canada from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a report on Friday, October 24th.

StorageVault Canada Stock Up 2.1%

Shares of TSE:SVI opened at C$4.85 on Thursday. StorageVault Canada has a twelve month low of C$3.53 and a twelve month high of C$5.23. The stock’s 50 day moving average is C$4.89 and its 200-day moving average is C$4.53. The firm has a market capitalization of C$1.77 billion, a price-to-earnings ratio of -485.00 and a beta of 0.74.

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

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.