StorageVault Canada Inc. (TSE:SVI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

StorageVault Canada Inc. (TSE:SVI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$5.13.

Several equities analysts recently issued reports on the company. Raymond James boosted their price target on 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. Scotiabank decreased their price objective on StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. Canaccord Genuity Group raised StorageVault Canada from a "hold" rating to a "buy" rating and decreased their price objective for the company from C$5.00 to C$4.50 in a report on Monday, February 24th. CIBC decreased their price objective on StorageVault Canada from C$4.75 to C$4.25 in a report on Friday, April 25th. Finally, Desjardins decreased their price objective on StorageVault Canada from C$4.75 to C$4.25 and set a "hold" rating on the stock in a report on Monday, April 28th.

Insider Transactions at StorageVault Canada

In other news, insider StorageVault Canada Inc. acquired 10,200 shares of StorageVault Canada stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of C$3.97 per share, with a total value of C$40,446.06. Also, Director Benjamin Harris sold 30,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of C$3.78, for a total value of C$113,439.00. Insiders have acquired 41,600 shares of company stock valued at $162,890 in the last three months. 38.49% of the stock is owned by corporate insiders.

StorageVault Canada Trading Up 0.8%

SVI traded up C$0.03 on Friday, hitting C$3.80. 65,000 shares of the stock traded hands, compared to its average volume of 393,782. StorageVault Canada has a 52 week low of C$3.53 and a 52 week high of C$5.26. The firm has a market capitalization of C$1.40 billion, a PE ratio of -27.66 and a beta of 0.89. The business has a fifty day moving average price of C$3.81 and a two-hundred day moving average price of C$3.91.

StorageVault Canada Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a $0.0029 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Monday, March 31st. StorageVault Canada's payout ratio is currently -7.28%.

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.