StorageVault Canada Inc. (TSE:SVI) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts maintain a “Buy” consensus on StorageVault Canada, with six buy ratings, one strong-buy rating and one hold rating. The average 12-month price target is C$5.81.
• Recent analyst actions were broadly positive: RBC raised its target to C$6.25, while Raymond James upgraded the stock to “strong buy” but lowered its target to C$5.25.
• The company reported a quarterly loss of C$0.02 per share on C$91.09 million in revenue, alongside a negative net margin and return on equity. An insider also purchased 89,700 shares for approximately C$412,620.

Shares of StorageVault Canada Inc. (TSE:SVI - Get Free Report) have been given a consensus recommendation of "Buy" by the eight research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$5.81.

Several equities research analysts have recently weighed in on the stock. Raymond James Financial raised shares of StorageVault Canada from an "outperform" rating to a "strong-buy" rating and reduced their target price for the company from C$5.50 to C$5.25 in a research note on Monday, June 1st. Royal Bank Of Canada upped their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an "outperform" rating in a report on Friday, July 24th.

StorageVault Canada Stock Performance

Shares of StorageVault Canada stock opened at C$4.47 on Friday. The stock has a market cap of C$1.63 billion, a price-to-earnings ratio of -109.02 and a beta of 0.82. The stock has a 50 day moving average price of C$4.72 and a 200-day moving average price of C$4.61. StorageVault Canada has a one year low of C$4.11 and a one year high of C$5.39.

StorageVault Canada (TSE:SVI - Get Free Report) last issued 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 during the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%.

Insider Activity

In other StorageVault Canada news, insider Access Self Storage Inc. bought 89,700 shares of the business's stock in a transaction dated Wednesday, July 15th. The shares were purchased at an average price of C$4.60 per share, with a total value of C$412,620.00. Following the completion of the purchase, the insider owned 136,992,005 shares in the company, valued at C$630,163,223. This represents a 0.07% increase in their position. 38.49% of the stock is owned by company insiders.

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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source