StorageVault Canada (TSE:SVI) Price Target Raised to C$6.25

StorageVault Canada (TSE:SVI) had its target price increased by Royal Bank Of Canada from C$6.00 to C$6.25 in a report released on Friday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

SVI has been the topic of a number of other reports. National Bank Financial set a C$6.25 price objective on StorageVault Canada and gave the company an “outperform” rating in a research report on Monday, April 20th. Raymond James Financial upgraded shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and decreased their target price for the stock from C$5.50 to C$5.25 in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$5.78.

StorageVault Canada Stock Down 0.8%

Shares of TSE:SVI opened at C$4.82 on Friday. StorageVault Canada has a twelve month low of C$4.11 and a twelve month high of C$5.39. The stock’s 50 day moving average is C$4.61 and its 200-day moving average is C$4.67. The firm has a market capitalization of C$1.76 billion, a price-to-earnings ratio of -117.56 and a beta of 0.77.

StorageVault Canada (TSE:SVI) last released its quarterly earnings results on Wednesday, July 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$91.09 million for the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%.

Insider Buying and Selling

In other StorageVault Canada news, insider Access Self Storage Inc. purchased 89,700 shares of the firm’s stock in a transaction on Wednesday, July 15th. The shares were acquired at an average cost of C$4.60 per share, with a total value of C$412,620.00. Following the completion of the acquisition, the insider directly owned 136,992,005 shares in the company, valued at C$630,163,223. The trade was a 0.07% increase in their ownership of the stock. 38.49% of the stock is currently 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. 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.