Safestore (LON:SAFE) Reaches New 1-Year Low – Should You Sell?

Shares of Safestore Holdings Plc (LON:SAFE) reached a new 52-week low on Wednesday . The company traded as low as GBX 554.50 and last traded at GBX 589, with a volume of 34641332 shares. The stock had previously closed at GBX 611.50.

Analyst Ratings Changes

SAFE has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 828 target price on shares of Safestore in a research note on Thursday, June 11th. Peel Hunt reiterated an “add” rating and set a GBX 640 price objective on shares of Safestore in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Safestore currently has an average rating of “Buy” and a consensus target price of GBX 734.

Safestore Stock Performance

The company has a market cap of £1.27 billion, a P/E ratio of 19.64, a PEG ratio of 2.05 and a beta of 1.14. The company has a quick ratio of 0.90, a current ratio of 0.39 and a debt-to-equity ratio of 49.06. The company has a 50 day moving average price of GBX 611.89 and a 200-day moving average price of GBX 668.70.

Safestore (LON:SAFE) last issued its quarterly earnings data on Thursday, June 11th. The company reported GBX 18.90 earnings per share for the quarter. The business had revenue of £120.60 million for the quarter. Safestore had a net margin of 26.93% and a return on equity of 2.86%. Equities analysts expect that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Insider Activity at Safestore

In related news, insider Frederic Vecchioli purchased 50,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were bought at an average cost of GBX 603 per share, for a total transaction of £301,500. Company insiders own 7.90% of the company’s stock.

About Safestore

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.