Brokerages Set StorageVault Canada Inc. (TSE:SVI) PT at C$5.47

Shares of StorageVault Canada Inc. (TSE:SVI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$5.47.

SVI has been the subject of a number of recent analyst reports. CIBC decreased their price objective on shares of StorageVault Canada from C$5.00 to C$4.75 in a research note on Monday, February 24th. Raymond James upgraded StorageVault Canada from a "hold" rating to a "moderate buy" rating in a report on Friday, February 21st. Scotiabank reduced their price objective on StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group raised StorageVault Canada from a "hold" rating to a "buy" rating and lowered their target price for the company from C$5.00 to C$4.50 in a research note on Monday, February 24th.

Insider Activity

In related news, insider StorageVault Canada Inc. acquired 25,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average cost of C$3.95 per share, with a total value of C$98,742.50. 38.49% of the stock is owned by insiders.

StorageVault Canada Trading Up 0.3 %

Shares of StorageVault Canada stock traded up C$0.01 on Wednesday, reaching C$3.73. 108,361 shares of the company were exchanged, compared to its average volume of 434,863. The stock has a fifty day moving average price of C$3.86 and a 200-day moving average price of C$4.01. The firm has a market capitalization of C$1.37 billion, a price-to-earnings ratio of -27.15 and a beta of 0.89. StorageVault Canada has a fifty-two week low of C$3.53 and a fifty-two week high of C$5.26.

StorageVault Canada Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.0029 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.01 annualized dividend and a dividend yield of 0.31%. StorageVault Canada's dividend payout ratio (DPR) is -7.28%.

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.