Safestore (LON:SAFE) Receives Add Rating from Peel Hunt

Safestore (LON:SAFE)‘s stock had its “add” rating reiterated by investment analysts at Peel Hunt in a research report issued on Monday,London Stock Exchange reports. They presently have a GBX 640 target price on the stock. Peel Hunt’s price target suggests a potential upside of 5.52% from the company’s current price.

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 828 price target on shares of Safestore in a research note on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 762.67.

Safestore Trading Up 1.1%

Safestore stock traded up GBX 6.50 during midday trading on Monday, reaching GBX 606.50. The stock had a trading volume of 169,874 shares, compared to its average volume of 2,452,624. Safestore has a twelve month low of GBX 578.70 and a twelve month high of GBX 849.50. The company has a debt-to-equity ratio of 49.06, a current ratio of 0.39 and a quick ratio of 0.90. The firm has a market cap of £1.32 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.05 and a beta of 1.15. The firm’s fifty day simple moving average is GBX 625.41 and its two-hundred day simple moving average is GBX 697.80.

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

Insiders Place Their Bets

In other Safestore news, insider Frederic Vecchioli purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was purchased at an average cost of GBX 603 per share, with a total value of £301,500. Corporate 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.