Raymond James Reiterates C$4.00 Price Target for StorageVault Canada (CVE:SVI)

StorageVault Canada (CVE:SVI) has been assigned a C$4.00 price target by stock analysts at Raymond James in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 9.59% from the stock’s previous close.

A number of other research firms have also recently commented on SVI. National Bank Financial upped their target price on StorageVault Canada from C$3.50 to C$4.25 and gave the company an “outperform” rating in a research note on Monday. TD Securities cut StorageVault Canada from a “buy” rating to a “hold” rating and set a C$3.50 target price on the stock. in a research note on Tuesday, October 1st.

CVE SVI traded up C$0.03 during trading hours on Monday, hitting C$3.65. 609,885 shares of the company were exchanged, compared to its average volume of 232,152. The stock has a 50-day moving average price of C$3.38 and a 200 day moving average price of C$3.04. The company has a quick ratio of 1.69, a current ratio of 2.25 and a debt-to-equity ratio of 411.35. StorageVault Canada has a 52 week low of C$2.26 and a 52 week high of C$3.70. The stock has a market cap of $1.31 billion and a PE ratio of -40.11.

StorageVault Canada (CVE:SVI) last issued its quarterly earnings data on Thursday, August 15th. The company reported C($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.03 by C($0.08). The business had revenue of C$34.26 million during the quarter. As a group, sell-side analysts anticipate that StorageVault Canada will post -0.03 earnings per share for the current year.

About StorageVault Canada

StorageVault Canada Inc engages in owning, managing, and renting self-storage and portable storage space to individual and commercial customers in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company is also involved in the management of stores owned by third parties.

Featured Article: How to build a Fibonacci channel

Receive News & Ratings for StorageVault Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StorageVault Canada and related companies with MarketBeat.com's FREE daily email newsletter.