StorageVault Canada (CVE:SVI) PT Set at C$6.50 by Raymond James

StorageVault Canada (CVE:SVI) has been given a C$6.50 price target by equities research analysts at Raymond James in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 10.17% from the company’s current price.

Several other research firms have also weighed in on SVI. TD Securities upped their price objective on shares of StorageVault Canada from C$5.50 to C$6.50 and gave the company a “hold” rating in a research note on Tuesday, August 10th. Cormark upped their price objective on shares of StorageVault Canada from C$5.25 to C$6.40 in a research note on Monday, August 9th. Canaccord Genuity upped their price objective on shares of StorageVault Canada from C$5.00 to C$6.00 in a research note on Friday, August 6th. Finally, Scotiabank boosted their target price on shares of StorageVault Canada from C$6.25 to C$6.50 in a research report on Thursday.

Shares of SVI stock traded down C$0.08 during trading hours on Thursday, reaching C$5.90. 80,414 shares of the stock traded hands, compared to its average volume of 126,162. StorageVault Canada has a 1-year low of C$3.13 and a 1-year high of C$6.26. The business has a fifty day moving average price of C$5.67 and a 200 day moving average price of C$5.02. The company has a quick ratio of 1.72, a current ratio of 2.20 and a debt-to-equity ratio of 681.90. The firm has a market capitalization of C$2.20 billion and a PE ratio of -62.11.

StorageVault Canada (CVE:SVI) last released its quarterly earnings results on Thursday, August 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.01 by C($0.03). The firm had revenue of C$51.70 million for the quarter, compared to analyst estimates of C$44.90 million. Research analysts expect that StorageVault Canada will post -0.09 earnings per share for the current fiscal year.

StorageVault Canada Company Profile

StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages 45 stores owned by third parties; and stores, shreds, and manages documents and records for customers.

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