Royal Bank Of Canada Raises StorageVault Canada Target Price to C$6.25

StorageVault Canada (TSE:SVI) has seen its target price boosted by analysts at Royal Bank Of Canada, from C$6.00 to C$6.25 in a report released on Friday.

The firm currently maintains an 'outperform' rating on the stock, which suggests that there is potential for a 29.67% increase in price from its previous close of C$4.82 per share.

This is not the first time StorageVault Canada's target price has been adjusted; earlier this month, National Bank Financial set a C$6.25 price target on the company and gave it an 'outperform' rating.