Brokerages Set Safestore Holdings Plc (SAFE) Price Target at $643.33

Safestore Holdings Plc (LON:SAFE) has earned an average recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 643.33 ($8.41).

SAFE has been the subject of several research analyst reports. Liberum Capital reiterated a “buy” rating on shares of Safestore in a research report on Tuesday, January 8th. Peel Hunt restated a “hold” rating on shares of Safestore in a research note on Thursday, February 14th. Finally, HSBC initiated coverage on Safestore in a research note on Tuesday, February 12th. They issued a “buy” rating and a GBX 670 ($8.75) target price on the stock.

Shares of SAFE remained flat at $GBX 600 ($7.84) on Friday. The company had a trading volume of 347,783 shares, compared to its average volume of 397,381. The company has a debt-to-equity ratio of 54.05, a current ratio of 0.64 and a quick ratio of 0.52. Safestore has a 1-year low of GBX 482.20 ($6.30) and a 1-year high of GBX 620.50 ($8.11).

The firm also recently announced a dividend, which will be paid on Wednesday, April 10th. Investors of record on Thursday, March 7th will be issued a dividend of GBX 11.15 ($0.15) per share. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Safestore’s previous dividend of $5.10. This represents a dividend yield of 2.08%. Safestore’s payout ratio is presently 0.19%.

Safestore Company Profile

UK's largest self storage group with 146 stores Safestore has 119 self storage centres in the UK including two business centres and a further 27 stores in the Paris region. Safestore was founded in the UK in 1998. It acquired the French business “Une Pièce en Plus” in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.

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Analyst Recommendations for Safestore (LON:SAFE)

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