Raymond James Financial Lowers StorageVault Canada (TSE:SVI) Price Target to C$5.50

StorageVault Canada (TSE:SVI) had its price objective dropped by equities researchers at Raymond James Financial from C$5.75 to C$5.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 20.88% from the stock’s current price.

Separately, National Bank Financial set a C$6.25 price objective on shares of StorageVault Canada and gave the company an “outperform” rating in a report on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, StorageVault Canada has an average rating of “Moderate Buy” and a consensus target price of C$5.78.

StorageVault Canada Stock Performance

Shares of SVI stock opened at C$4.55 on Thursday. The company has a market capitalization of C$1.66 billion, a price-to-earnings ratio of -113.75 and a beta of 0.64. The company has a 50-day simple moving average of C$4.61 and a 200 day simple moving average of C$4.79. StorageVault Canada has a 52 week low of C$3.55 and a 52 week high of C$5.39.

StorageVault Canada (TSE:SVI) last announced its earnings results on Wednesday, April 22nd. The company reported C($0.04) EPS for the quarter. The company had revenue of C$85.22 million for the quarter. StorageVault Canada had a negative return on equity of 14.88% and a negative net margin of 4.28%.

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.