StorageVault Canada Inc. (TSE:SVI) Receives C$5.47 Consensus Price Target from Analysts

StorageVault Canada Inc. (TSE:SVI) has earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$5.47.

A number of analysts have recently weighed in on the company. CIBC cut their target price on StorageVault Canada from C$5.00 to C$4.75 in a research report on Monday, February 24th. Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a research report on Tuesday, December 17th. Scotiabank decreased their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. Raymond James raised shares of StorageVault Canada from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st. Finally, Canaccord Genuity Group raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and decreased their price objective for the company from C$5.00 to C$4.50 in a research note on Monday, February 24th.

StorageVault Canada Trading Down 0.8 %

Shares of SVI stock opened at C$3.93 on Friday. The stock has a 50 day simple moving average of C$3.87 and a 200 day simple moving average of C$4.17. StorageVault Canada has a 1 year low of C$3.55 and a 1 year high of C$5.29. The stock has a market cap of C$1.45 billion, a P/E ratio of -28.60 and a beta of 0.89.

StorageVault Canada Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.0029 per share. The ex-dividend date is Monday, March 31st. This represents a $0.01 annualized dividend and a dividend yield of 0.30%. StorageVault Canada’s dividend payout ratio (DPR) is presently -7.28%.

Insider Activity

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 50,000 shares of StorageVault Canada stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of C$3.95 per share, with a total value of C$197,440.00. 38.49% of the stock is owned by corporate insiders.

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.