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

Shares of StorageVault Canada Inc. (TSE:SVI) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$5.47.

SVI has been the subject of a number of research reports. Scotiabank decreased their price target on StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. CIBC decreased their target price on StorageVault Canada from C$5.00 to C$4.75 in a research report on Monday, February 24th. Canaccord Genuity Group raised StorageVault Canada from a “hold” rating to a “buy” rating and dropped their price target for the company from C$5.00 to C$4.50 in a research report on Monday, February 24th. Finally, Raymond James raised shares of StorageVault Canada from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st.

StorageVault Canada Price Performance

Shares of SVI stock opened at C$3.68 on Wednesday. The firm has a fifty day moving average of C$3.85 and a two-hundred day moving average of C$4.00. The firm has a market cap of C$1.35 billion, a P/E ratio of -26.78 and a beta of 0.89. StorageVault Canada has a 1-year low of C$3.53 and a 1-year high of C$5.26.

StorageVault Canada Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.0029 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Monday, March 31st. StorageVault Canada’s payout ratio is -7.28%.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 25,000 shares of StorageVault Canada stock in a transaction dated Monday, March 31st. The stock was acquired at an average cost of C$3.95 per share, for a total transaction of C$98,742.50. Insiders own 38.49% of the company’s stock.

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.