StorageVault Canada Inc. (TSE:SVI) Receives Consensus Rating of "Moderate Buy" from Brokerages

StorageVault Canada Inc. (TSE:SVI - Get Free Report) has received an average rating of "Moderate Buy" from the eight research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$5.17.

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

Insider Buying and Selling

In other StorageVault Canada news, Director Benjamin Harris sold 30,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of C$3.78, for a total value of C$113,439.00. Also, insider StorageVault Canada Inc. bought 25,000 shares of the business's stock in a transaction on Monday, March 31st. The stock was bought at an average price of C$3.95 per share, with a total value of C$98,742.50. 38.49% of the stock is currently owned by insiders.

StorageVault Canada Price Performance

Shares of TSE:SVI traded up C$0.07 during trading on Thursday, reaching C$4.21. 243,969 shares of the stock were exchanged, compared to its average volume of 374,132. The firm has a market cap of C$1.55 billion, a price-to-earnings ratio of -30.64 and a beta of 0.89. The stock has a fifty day moving average of C$3.82 and a two-hundred day moving average of C$3.89. StorageVault Canada has a 1-year low of C$3.53 and a 1-year high of C$5.26.

StorageVault Canada Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.0029 dividend. This represents a $0.01 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Monday, March 31st. StorageVault Canada's dividend payout ratio (DPR) 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.