Safestore (SAFE) Earns Hold Rating from Peel Hunt

Peel Hunt reissued their hold rating on shares of Safestore (LON:SAFE) in a research report released on Thursday morning.

Other analysts have also issued research reports about the stock. Liberum Capital reiterated a buy rating and set a GBX 560 ($7.86) price objective on shares of Safestore in a research note on Thursday, February 22nd. Numis Securities reiterated an add rating and set a GBX 570 ($8.00) price objective on shares of Safestore in a research note on Thursday, February 22nd. Jefferies Group reiterated a hold rating and set a GBX 515 ($7.23) price objective on shares of Safestore in a research note on Thursday, January 18th. Finally, Berenberg Bank lifted their price objective on shares of Safestore from GBX 465 ($6.53) to GBX 550 ($7.72) and gave the company a buy rating in a research note on Wednesday, January 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of GBX 515.83 ($7.24).

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SAFE opened at GBX 514.50 ($7.22) on Thursday. Safestore has a 52-week low of GBX 360 ($5.05) and a 52-week high of GBX 528 ($7.41).

The business also recently declared a dividend, which was paid on Friday, April 6th. Investors of record on Thursday, March 8th were paid a GBX 9.80 ($0.14) dividend. This represents a dividend yield of 2.02%. The ex-dividend date was Thursday, March 8th. This is a positive change from Safestore’s previous dividend of $4.20.

In related news, insider Andy Jones sold 58,583 shares of Safestore stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of GBX 496 ($6.96), for a total value of £290,571.68 ($407,877.15).

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About Safestore

Safestore is the UK's largest self-storage group with 146 stores, comprising 120 wholly owned stores in the UK (including 67 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol) and 26 wholly owned stores in the Paris region.

Analyst Recommendations for Safestore (LON:SAFE)

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