Brokerages Set StorageVault Canada Inc. (TSE:SVI) Target Price at C$5.81

StorageVault Canada Inc. (TSE:SVI) has earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$5.81.

Separately, National Bank Financial set a C$6.25 target price on StorageVault Canada and gave the stock an “outperform” rating in a research note on Monday.

StorageVault Canada Price Performance

Shares of SVI stock opened at C$4.48 on Monday. The company has a market cap of C$1.64 billion, a price-to-earnings ratio of -131.76 and a beta of 0.64. The stock has a 50 day simple moving average of C$4.62 and a 200-day simple moving average of C$4.80. StorageVault Canada has a 1-year low of C$3.55 and a 1-year high of C$5.39.

StorageVault Canada (TSE:SVI) last announced its earnings results on Wednesday, April 22nd. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$85.22 million for the quarter. StorageVault Canada had a negative return on equity of 12.09% and a negative net margin of 3.74%.

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. 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.