On August 16, an analyst has provided a rating update for the Utilities sector company, Storagevault Canada (TSXV: SVI). TD Securities’ analyst Jonathan Kelcher reiterates their Buy rating on the shares, with a C$3.25 price target.
According to TipRanks.com, Kelcher is ranked #915 out of 4850 analysts.
Currently, the analyst consensus on Storagevault Canada is a Moderate Buy with an average price target of C$2.93.
Based on Storagevault Canada’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$7.79 million. In comparison, last year the company had a GAAP net loss of C$3 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 Friday at C$2.60.
