StorageVault Canada Inc. (TSE:SVI) Given Average Rating of “Buy” by Brokerages

StorageVault Canada Inc. (TSE:SVIGet Free Report) has been given an average rating of “Buy” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$5.75.

SVI has been the topic of a number of recent analyst reports. National Bank Financial set a C$6.25 target price on StorageVault Canada and gave the stock an “outperform” rating in a research report on Monday, April 20th. Raymond James Financial raised StorageVault Canada from an “outperform” rating to a “strong-buy” rating and cut their target price for the stock from C$5.50 to C$5.25 in a research report on Monday, June 1st.

View Our Latest Report on SVI

StorageVault Canada Stock Up 0.6%

Shares of StorageVault Canada stock opened at C$4.74 on Tuesday. The firm has a market cap of C$1.73 billion, a price-to-earnings ratio of -118.50 and a beta of 0.81. The business has a fifty day simple moving average of C$4.40 and a 200-day simple moving average of C$4.68. StorageVault Canada has a fifty-two week low of C$3.97 and a fifty-two week high of C$5.39.

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

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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Analyst Recommendations for StorageVault Canada (TSE:SVI)

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