StorageVault Canada (TSE:SVI) Price Target Lowered to C$5.50 at Raymond James Financial

StorageVault Canada (TSE:SVI) had its target price reduced by Raymond James Financial from C$5.75 to C$5.50 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, National Bank Financial set a C$6.25 target price on StorageVault Canada and gave the stock an “outperform” rating in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$5.78.

StorageVault Canada Trading Up 1.1%

SVI stock opened at C$4.53 on Thursday. The business’s 50-day moving average price is C$4.61 and its two-hundred day moving average price is C$4.80. The firm has a market cap of C$1.66 billion, a PE ratio of -133.24 and a beta of 0.64. StorageVault Canada has a 1-year low of C$3.55 and a 1-year high of C$5.39.

StorageVault Canada (TSE:SVI) last posted its earnings results on Wednesday, April 22nd. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$85.22 million for the quarter. StorageVault Canada had a negative return on equity of 12.09% and a negative net margin of 3.74%.

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.