Royal Bank Of Canada Issues Positive Forecast for StorageVault Canada (TSE:SVI) Stock Price

StorageVault Canada (TSE:SVI) had its price objective raised by Royal Bank Of Canada from C$6.00 to C$6.25 in a research report released on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms have also issued reports on SVI. Raymond James Financial raised shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and reduced their target price for the stock from C$5.50 to C$5.25 in a report on Monday, June 1st. 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$5.78.

StorageVault Canada Price Performance

Shares of TSE:SVI opened at C$4.82 on Friday. The company has a market capitalization of C$1.76 billion, a PE ratio of -120.50 and a beta of 0.77. The business has a fifty day moving average price of C$4.61 and a 200-day moving average price of C$4.67. StorageVault Canada has a 1-year low of C$4.11 and a 1-year high of C$5.39.

StorageVault Canada (TSE:SVI) last released its quarterly earnings data on Wednesday, July 22nd. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$91.09 million for the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, insider Access Self Storage Inc. purchased 89,700 shares of StorageVault Canada stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average cost of C$4.60 per share, with a total value of C$412,620.00. Following the completion of the transaction, the insider owned 136,992,005 shares in the company, valued at approximately C$630,163,223. This trade represents a 0.07% increase in their position. Corporate insiders own 38.49% of the company’s stock.

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.