StorageVault Canada (TSE:SVI) Stock Price Up 1% - Still a Buy?

StorageVault Canada Inc. (TSE:SVI - Get Free Report) shares shot up 1% on Wednesday . The stock traded as high as C$3.92 and last traded at C$3.91. 382,909 shares changed hands during trading, an increase of 1% from the average session volume of 378,722 shares. The stock had previously closed at C$3.87.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SVI. CIBC reduced their price target on shares of StorageVault Canada from C$5.00 to C$4.75 in a research report on Monday, February 24th. Scotiabank lowered their price objective on shares of StorageVault Canada from C$5.50 to C$5.25 in a research report on Thursday, January 30th. Raymond James raised shares of StorageVault Canada from a "hold" rating to a "moderate buy" rating in a research report on Friday, February 21st. Canaccord Genuity Group raised shares of StorageVault Canada from a "hold" rating to a "buy" rating and decreased their price target for the company from C$5.00 to C$4.50 in a research report on Monday, February 24th. Finally, Cibc World Mkts upgraded shares of StorageVault Canada to a "hold" rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, StorageVault Canada presently has an average rating of "Moderate Buy" and an average target price of C$5.47.

StorageVault Canada Stock Performance

The company has a market capitalization of C$1.47 billion, a PE ratio of -29.11 and a beta of 0.89. The company's 50-day simple moving average is C$3.87 and its 200-day simple moving average is C$4.20.

StorageVault Canada Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0029 per share. The ex-dividend date 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 (DPR) is -7.28%.

Insider Transactions at StorageVault Canada

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

StorageVault Canada Company Profile

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.