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

Shares of StorageVault Canada Inc. (TSE:SVI) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat.com 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 brokers that have issued a report on the stock in the last year is C$5.81.

SVI has been the topic of several recent analyst reports. TD Securities increased their price objective on shares of StorageVault Canada from C$5.50 to C$6.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Raymond James Financial upped their price target on shares of StorageVault Canada from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Canaccord Genuity Group increased their price target on shares of StorageVault Canada from C$5.00 to C$5.75 and gave the stock a “buy” rating in a research note on Friday, October 24th. Royal Bank Of Canada boosted their price objective on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, Desjardins upped their price objective on StorageVault Canada from C$5.00 to C$6.00 and gave the stock a “buy” rating in a report on Friday, October 24th.

StorageVault Canada Trading Down 0.6%

Shares of SVI stock opened at C$4.71 on Monday. The company has a market capitalization of C$1.72 billion, a price-to-earnings ratio of -471.00 and a beta of 0.71. The firm has a 50-day moving average price of C$4.84 and a 200 day moving average price of C$4.66. StorageVault Canada has a twelve month low of C$3.53 and a twelve month high of C$5.23.

StorageVault Canada (TSE:SVI) last announced its earnings results on Wednesday, October 22nd. The company reported C$0.06 earnings per share (EPS) for the quarter. StorageVault Canada had a negative net margin of 17.21% and a negative return on equity of 28.74%. The firm had revenue of C$88.52 million for the quarter.

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.