StorageVault Canada Inc. (TSE:SVI) Given Consensus Rating of “Moderate Buy” by Brokerages

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

A number of research analysts have recently issued reports on SVI shares. 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 World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. Canaccord Genuity Group upgraded 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 report on Monday, February 24th. Scotiabank dropped their price objective on StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Finally, CIBC decreased their target price on StorageVault Canada from C$5.00 to C$4.75 in a research note on Monday, February 24th.

StorageVault Canada Price Performance

StorageVault Canada stock opened at C$3.93 on Friday. The stock’s 50 day moving average is C$3.87 and its 200 day moving average is C$4.17. StorageVault Canada has a one year low of C$3.55 and a one year high of C$5.29. The firm has a market cap of C$1.45 billion, a P/E ratio of -28.60 and a beta of 0.89.

StorageVault Canada Cuts Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $0.01 annualized dividend and a dividend yield of 0.30%. StorageVault Canada’s dividend payout ratio is -7.28%.

Insider Buying and Selling

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 50,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of C$3.95 per share, for a total transaction of C$197,440.00. 38.49% of the stock is 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.