Safestore (LON:SAFE) Given Buy Rating at Jefferies Financial Group

Safestore (LON:SAFE)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday, Digital Look reports. They currently have a GBX 788 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 41.35% from the stock’s current price.

Separately, Peel Hunt restated an “add” rating and issued a GBX 640 target price on shares of Safestore in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 714.

Safestore Stock Performance

SAFE opened at GBX 557.50 on Friday. The company has a market capitalization of £1.22 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 2.05 and a beta of 1.14. The business’s 50-day moving average price is GBX 608.10 and its two-hundred day moving average price is GBX 650.42. Safestore has a 1 year low of GBX 551.50 and a 1 year 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.

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

Insider Transactions at Safestore

In other Safestore news, insider Frederic Vecchioli sold 15,251 shares of Safestore stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of GBX 584, for a total value of £89,065.84. Insiders own 7.90% of the company’s stock.

Safestore Company Profile

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.