The Globe and Mail reports in its Thursday, April 23, edition that Raymond James analyst Brad Sturges is maintaining his "outperform" recommendation for Storagevault Canada. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sturges gave his share target a 25-cent trim to $5.50. Analysts on average target the shares at $5.81. Mr. Sturges says in a note: "Institutional investor interest remains strong for direct Canadian storage real estate, as illustrated by recent larger portfolio transactions executed by large, reputable buyers in key Canadian urban markets. Notable portfolio transactions have occurred at valuations well above Storagevault's implied valuation at current trading levels. We believe Storagevault remains undervalued, while the company could be in position to generate relatively higher 2026E AFFO/share growth year-over-year." The Globe reported on July 18, 2023, that Mr. Sturges had lowered his recommendation for Storagevault to "market perform" from "outperform." It was then worth $5.87. The Globe reported on Feb. 21, 2025, and April 25, 2025, that Mr. Sturges rated Storagevault "outperform." It was then worth $4 and $3.64.
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