StorageVault Canada Inc. (TSE:SVI) Given Average Recommendation of "Moderate Buy" by Analysts

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

SVI has been the subject of several research reports. Scotiabank decreased their price target 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 World Mkts upgraded shares of StorageVault Canada to a "hold" rating in a research note on Tuesday, December 17th. CIBC lowered their target price on StorageVault Canada from C$5.00 to C$4.75 in a research report on Monday, February 24th. Finally, Canaccord Genuity Group raised StorageVault Canada from a "hold" rating to a "buy" rating and reduced their price target for the company from C$5.00 to C$4.50 in a research report on Monday, February 24th.

Insider Activity

In other news, insider StorageVault Canada Inc. acquired 50,000 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average price of C$3.95 per share, for a total transaction of C$197,440.00. Insiders own 38.49% of the company's stock.

StorageVault Canada Trading Down 2.0 %

Shares of StorageVault Canada stock traded down C$0.08 during trading on Friday, reaching C$3.95. The stock had a trading volume of 354,612 shares, compared to its average volume of 471,596. The company has a market capitalization of C$1.45 billion, a price-to-earnings ratio of -28.75 and a beta of 0.89. The stock has a fifty day moving average price of C$3.87 and a two-hundred day moving average price of C$4.18. StorageVault Canada has a 52 week low of C$3.55 and a 52 week high of C$5.29.

StorageVault Canada Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.0029 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.01 annualized dividend and a dividend yield of 0.29%. StorageVault Canada's dividend payout ratio is currently -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.