Brokerages Set StorageVault Canada Inc. (TSE:SVI) PT at C$5.81

Shares of StorageVault Canada Inc. (TSE:SVI) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$5.81.

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

StorageVault Canada Stock Performance

Shares of TSE:SVI opened at C$5.08 on Friday. StorageVault Canada has a 52-week low of C$3.53 and a 52-week high of C$5.39. The company has a market capitalization of C$1.86 billion, a P/E ratio of -508.00 and a beta of 0.65. The company has a 50-day simple moving average of C$4.89 and a 200 day simple moving average of C$4.78.

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