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

Shares of StorageVault Canada Inc. (TSE:SVI) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$5.62.

A number of research analysts have weighed in on SVI shares. Desjardins cut shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 24th. Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. CIBC set a C$5.00 target price on shares of StorageVault Canada and gave the stock a “negative” rating in a research note on Tuesday, December 17th. Scotiabank cut their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Finally, National Bankshares boosted their target price on shares of StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th.

StorageVault Canada Stock Performance

SVI opened at C$3.81 on Friday. StorageVault Canada has a fifty-two week low of C$3.55 and a fifty-two week high of C$5.48. The company has a fifty day moving average of C$3.94 and a two-hundred day moving average of C$4.38. The stock has a market capitalization of C$1.42 billion, a price-to-earnings ratio of -47.63 and a beta of 0.89.

Insider Buying and Selling

In other news, insider StorageVault Canada Inc. bought 25,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of C$3.92 per share, for a total transaction of C$97,930.00. Over the last three months, insiders have acquired 33,100 shares of company stock worth $130,358. 38.49% of the stock is owned by insiders.

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.