Safestay (LON:SSTY) Given “Buy” Rating at Canaccord Genuity

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Canaccord Genuity reiterated their buy rating on shares of Safestay (LON:SSTY) in a report published on Thursday morning, Digital Look reports. They currently have a GBX 50 ($0.65) price target on the stock.

LON SSTY opened at GBX 39 ($0.51) on Thursday. Safestay has a 12-month low of GBX 29 ($0.38) and a 12-month high of GBX 50.78 ($0.66). The company has a debt-to-equity ratio of 140.78, a quick ratio of 4.74 and a current ratio of 4.89. The company has a market capitalization of $25.23 million and a PE ratio of -15.00.

About Safestay

Safestay plc operates and develops traveller accommodation under the Safestay brand in the United Kingdom. It provides overnight hostel accommodation services and owns properties. The company serves families, school groups, young adults, backpackers, and business travelers. Safestay plc was incorporated in 2014 and is based in London, the United Kingdom.

Further Reading: Growth and Income Funds

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