Raymond James Reiterates C$3.50 Price Target for StorageVault Canada (SVI)

Raymond James set a C$3.50 price target on StorageVault Canada (CVE:SVI) in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock. Raymond James also issued estimates for StorageVault Canada’s Q1 2020 earnings at $0.03 EPS, Q2 2020 earnings at $0.03 EPS, Q3 2020 earnings at $0.03 EPS, Q4 2020 earnings at $0.03 EPS and FY2020 earnings at $0.13 EPS.

A number of other research analysts also recently issued reports on SVI. Cormark boosted their price target on StorageVault Canada from C$3.40 to C$3.50 in a report on Thursday, February 7th. Canaccord Genuity boosted their price target on StorageVault Canada from C$2.65 to C$3.00 in a report on Friday, March 1st. Finally, TD Securities boosted their price target on StorageVault Canada from C$3.25 to C$3.50 and gave the company a buy rating in a report on Friday, March 1st.

Shares of CVE:SVI opened at C$2.79 on Thursday. StorageVault Canada has a 12-month low of C$2.26 and a 12-month high of C$2.97. The company has a market capitalization of $1.00 billion and a price-to-earnings ratio of -40.43. The company has a debt-to-equity ratio of 269.20, a current ratio of 4.03 and a quick ratio of 3.33.

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.

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