Analysts Set StorageVault Canada Inc. (TSE:SVI) Target Price at C$5.13

Shares of StorageVault Canada Inc. (TSE:SVI) have earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$5.13.

A number of equities analysts have weighed in on the stock. CIBC decreased their target price on shares of StorageVault Canada from C$4.75 to C$4.25 in a research note on Friday, April 25th. Scotiabank decreased their price objective on shares of StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. Canaccord Genuity Group raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and reduced their price target for the company from C$5.00 to C$4.50 in a research report on Monday, February 24th. Desjardins cut their price target on StorageVault Canada from C$4.75 to C$4.25 and set a “hold” rating for the company in a report on Monday, April 28th. Finally, Raymond James lifted their target price on shares of 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.

StorageVault Canada Stock Down 2.3%

TSE SVI opened at C$3.82 on Friday. The stock’s 50 day moving average is C$3.81 and its 200 day moving average is C$3.91. The firm has a market capitalization of C$1.41 billion, a PE ratio of -27.80 and a beta of 0.89. StorageVault Canada has a twelve month low of C$3.53 and a twelve month high of C$5.26.

StorageVault Canada Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.0029 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.01 dividend on an annualized basis and a yield of 0.30%. StorageVault Canada’s dividend payout ratio (DPR) is presently -7.28%.

Insider Buying and Selling at StorageVault Canada

In other StorageVault Canada news, Director Benjamin Harris sold 30,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of C$3.78, for a total transaction of C$113,439.00. Also, insider StorageVault Canada Inc. bought 25,000 shares of the stock in a transaction on Monday, March 31st. The shares were bought at an average price of C$3.95 per share, with a total value of C$98,742.50. Insiders acquired 41,600 shares of company stock worth $162,890 over the last 90 days. Company insiders own 38.49% of the company’s stock.

About StorageVault Canada

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.