In a latest note to investors, a research analyst has provided a rating update for the Storagevault Canada (SVI). Today, analyst Johann Rodrigues gave a Buy rating to SVI and set a C$3.50 price target.
According to TipRanks.com, Rodrigues is ranked #1884 out of 5220 analysts.
Currently, the analyst consensus on Storagevault Canada is a Strong Buy with an average price target of C$3.22, implying a 15.0% upside from current levels. In a report released today, Industrial Alliance Securities also upgraded the stock to Buy.
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Based on Storagevault Canada’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$6.36 million. In comparison, last year the company had a net profit of C$15.34 million.
StorageVault Canada, Inc. engages in the business of owning, operating and renting self storage and portable storage space to individual and commercial customers. It operates through the following business segments: Self Storage, Portable Storage, Management, and Corporate.
The company’s shares closed on Thursday at C$2.80.
