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

Shares of StorageVault Canada Inc. (TSE:SVI – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$5.78.

A number of research firms recently weighed in on SVI. National Bank Financial set a C$6.25 price target on shares of StorageVault Canada and gave the stock an “outperform” rating in a research report on Monday, April 20th. Raymond James Financial lowered their price target on shares of StorageVault Canada from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd.

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StorageVault Canada Price Performance

Shares of TSE:SVI opened at C$4.21 on Friday. The business’s 50 day moving average price is C$4.47 and its 200-day moving average price is C$4.75. The firm has a market capitalization of C$1.54 billion, a PE ratio of -105.25 and a beta of 0.65. StorageVault Canada has a 1 year low of C$3.68 and a 1 year high of C$5.39.

StorageVault Canada (TSE:SVI – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$85.22 million during the quarter. StorageVault Canada had a negative return on equity of 14.88% and a negative net margin of 4.28%.

About StorageVault Canada

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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.

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