Brokerages Set StorageVault Canada Inc. (TSE:SVI) Target Price at C$5.81

StorageVault Canada Inc. (TSE:SVI) has earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$5.81.

A number of equities analysts have weighed in on the company. Raymond James Financial boosted their price target on StorageVault Canada from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research report on Friday, October 24th. BMO Capital Markets set a C$5.50 target price on StorageVault Canada and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. CIBC raised their price target on StorageVault Canada from C$4.75 to C$5.50 and gave the company a “neutral” rating in a report on Friday, October 24th. Royal Bank Of Canada lifted their price objective on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, Desjardins increased their price objective on shares of StorageVault Canada from C$5.00 to C$6.00 and gave the company a “buy” rating in a research report on Friday, October 24th.

StorageVault Canada Trading Down 0.6%

TSE SVI opened at C$4.71 on Monday. The firm has a market capitalization of C$1.72 billion, a P/E ratio of -471.00 and a beta of 0.71. The firm’s fifty day moving average price is C$4.84 and its two-hundred day moving average price is C$4.66. StorageVault Canada has a 1 year low of C$3.53 and a 1 year high of C$5.23.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.06 EPS for the quarter. The company had revenue of C$88.52 million during the quarter. StorageVault Canada had a negative net margin of 17.21% and a negative return on equity of 28.74%.

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.