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

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

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

StorageVault Canada Trading Up 0.8 %

Shares of StorageVault Canada stock opened at C$4.03 on Friday. The business’s 50-day moving average price is C$3.87 and its 200-day moving average price is C$4.18. The firm has a market capitalization of C$1.48 billion, a PE ratio of -29.33 and a beta of 0.89. StorageVault Canada has a 12 month low of C$3.55 and a 12 month high of C$5.29.

StorageVault Canada Cuts Dividend

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

Insider Activity at StorageVault Canada

In related news, insider StorageVault Canada Inc. acquired 50,000 shares of the stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of C$3.95 per share, for a total transaction of C$197,440.00. 38.49% of the stock is currently owned by company 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.