Brokerages Set StorageVault Canada Inc. (TSE:SVI) PT at C$5.75

StorageVault Canada Inc. (TSE:SVI) has earned an average recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$5.75.

A number of research analysts have weighed in on SVI shares. National Bank Financial set a C$6.25 target price on StorageVault Canada and gave the company an “outperform” rating in a report on Monday, April 20th. Raymond James Financial raised shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from C$5.50 to C$5.25 in a research report on Monday, June 1st.

StorageVault Canada Price Performance

TSE SVI opened at C$4.70 on Friday. The business’s fifty day moving average price is C$4.49 and its 200-day moving average price is C$4.66. The stock has a market capitalization of C$1.72 billion, a price-to-earnings ratio of -117.50 and a beta of 0.77. StorageVault Canada has a 1-year low of C$4.02 and a 1-year high of C$5.39.

StorageVault Canada (TSE:SVI) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported C($0.04) 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

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.