StorageVault Canada Inc. (TSE:SVI) Given Average Recommendation of “Buy” by Brokerages

Shares of StorageVault Canada Inc. (TSE:SVI) have been assigned an average rating of “Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$5.75.

Several research analysts have issued reports on the company. Raymond James Financial upgraded StorageVault Canada from an “outperform” rating to a “strong-buy” rating and cut their price target for the stock from C$5.50 to C$5.25 in a report on Monday, June 1st. National Bank Financial set a C$6.25 price objective on StorageVault Canada and gave the company an “outperform” rating in a report on Monday, April 20th.

StorageVault Canada Stock Up 1.1%

TSE:SVI traded up C$0.05 during trading hours on Friday, reaching C$4.79. The company had a trading volume of 108,064 shares, compared to its average volume of 327,573. The firm has a market cap of C$1.75 billion, a price-to-earnings ratio of -119.75 and a beta of 0.77. The business’s 50-day simple moving average is C$4.50 and its two-hundred day simple moving average is C$4.66. StorageVault Canada has a twelve month low of C$4.05 and a twelve month high of C$5.39.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$85.22 million for the quarter. StorageVault Canada had a negative net margin of 4.28% and a negative return on equity of 14.88%.

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.