StorageVault Canada Inc. (TSE:SVI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of StorageVault Canada Inc. (TSE:SVI) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$5.17.

A number of brokerages have commented on SVI. Raymond James boosted their price target on shares of StorageVault Canada from C$4.70 to C$4.75 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Desjardins decreased their price target on shares of StorageVault Canada from C$4.75 to C$4.25 and set a “hold” rating for the company in a research note on Monday, April 28th. Royal Bank of Canada set a C$5.50 price target on shares of StorageVault Canada and gave the company an “outperform” rating in a research note on Wednesday, May 21st. CIBC decreased their price target on shares of StorageVault Canada from C$4.75 to C$4.25 in a research note on Friday, April 25th. Finally, Canaccord Genuity Group raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$5.00 to C$4.50 in a report on Monday, February 24th.

Insiders Place Their Bets

In related news, insider StorageVault Canada Inc. purchased 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average cost of C$3.95 per share, with a total value of C$98,742.50. Also, Director Benjamin Harris sold 30,000 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of C$3.78, for a total transaction of C$113,439.00. Insiders own 38.49% of the company’s stock.

StorageVault Canada Trading Up 0.2%

Shares of SVI stock opened at C$4.14 on Thursday. The firm has a market capitalization of C$1.52 billion, a PE ratio of -30.13 and a beta of 0.89. The firm has a fifty day simple moving average of C$3.83 and a two-hundred day simple moving average of C$3.89. StorageVault Canada has a 12 month low of C$3.53 and a 12 month high of C$5.26.

StorageVault Canada Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.0029 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Monday, March 31st. StorageVault Canada’s dividend payout ratio is -7.28%.

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.