StorageVault Canada Inc. (TSE:SVI) Receives C$5.47 Consensus PT from Brokerages

StorageVault Canada Inc. (TSE:SVI) has earned an average rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$5.47.

SVI has been the topic of several recent research reports. Raymond James upgraded StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. Scotiabank cut their target price on StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Canaccord Genuity Group raised StorageVault Canada from a “hold” rating to a “buy” rating and lowered their price target for the stock from C$5.00 to C$4.50 in a research report on Monday, February 24th. CIBC dropped their price target on shares of StorageVault Canada from C$5.00 to C$4.75 in a research note on Monday, February 24th. Finally, Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th.

StorageVault Canada Stock Performance

Shares of SVI opened at C$4.03 on Friday. StorageVault Canada has a fifty-two week low of C$3.55 and a fifty-two week high of C$5.29. The firm’s 50-day simple moving average is C$3.87 and its two-hundred day simple moving average is C$4.18. The stock has a market cap of C$1.48 billion, a PE ratio of -29.33 and a beta of 0.89.

StorageVault Canada Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.0029 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Monday, March 31st. StorageVault Canada’s payout ratio is presently -7.28%.

Insider Activity

In other news, insider StorageVault Canada Inc. acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of C$3.95 per share, with a total value of C$197,440.00. 38.49% of the stock is owned by corporate insiders.

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.