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An announcement from Storagevault Canada ( (TSE:SVI) ) is now available.
StorageVault Canada Inc. has completed the acquisition of four additional stores for a total of $60.8 million, funded through available cash and mortgage financing. This acquisition, along with a replacement transaction valued at $9.0 million, brings the company’s total completed transactions for the year to $132.6 million, indicating a strategic expansion in its operations.
The most recent analyst rating on (TSE:SVI) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Storagevault Canada stock, see the TSE:SVI Stock Forecast page.
Spark’s Take on TSE:SVI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SVI is a Neutral.
Storagevault Canada’s stock score is driven by positive technical indicators and recent corporate events, which highlight strategic growth and resilience. However, significant risks remain due to high leverage and negative profitability, reflected in the financial performance and valuation scores. The overall score reflects a balance between these strengths and risks.
To see Spark’s full report on TSE:SVI stock, click here.
More about Storagevault Canada
StorageVault Canada Inc. owns and operates 263 storage locations across Canada, including 232 owned locations and over 5,000 portable storage units. The company offers over 13.2 million rentable square feet on 767 acres of land and provides last mile storage, logistics solutions, and professional records management services, such as document and media storage, imaging, and shredding services.
Average Trading Volume: 243,533
Technical Sentiment Signal: Buy
Current Market Cap: C$1.82B
For an in-depth examination of SVI stock, go to TipRanks’ Overview page.