StorageVault Canada Inc. (TSE:SVI) Receives Average Recommendation of “Moderate Buy” from Brokerages

StorageVault Canada Inc. (TSE:SVI) has received a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$5.47.

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

StorageVault Canada Stock Performance

Shares of SVI stock opened at C$3.68 on Wednesday. The stock’s 50 day simple moving average is C$3.86 and its 200 day simple moving average is C$4.05. StorageVault Canada has a twelve month low of C$3.53 and a twelve month high of C$5.26. The company has a market capitalization of C$1.35 billion, a price-to-earnings ratio of -26.78 and a beta of 0.89.

StorageVault Canada Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.0029 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Monday, March 31st. StorageVault Canada’s payout ratio is -7.28%.

Insider Activity

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 10,200 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of C$3.97 per share, for a total transaction of C$40,446.06. Over the last 90 days, insiders bought 85,200 shares of company stock worth $336,629. Insiders own 38.49% of the company’s stock.

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.