Safestore (LON:SAFE) Sets New 12-Month High at $719.50

Shares of Safestore Holdings Plc (LON:SAFE) hit a new 52-week high on Tuesday . The company traded as high as GBX 719.50 ($9.40) and last traded at GBX 716 ($9.36), with a volume of 62105 shares trading hands. The stock had previously closed at GBX 700.50 ($9.15).

A number of brokerages recently weighed in on SAFE. Liberum Capital reaffirmed a “buy” rating on shares of Safestore in a research report on Thursday. Peel Hunt reaffirmed a “hold” rating on shares of Safestore in a research report on Thursday. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Safestore in a research report on Friday, October 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 668.33 ($8.73).

The business has a 50-day moving average of GBX 683.19 and a two-hundred day moving average of GBX 649.30. The company has a market cap of $1.52 billion and a P/E ratio of 12.08. The company has a debt-to-equity ratio of 55.73, a current ratio of 0.80 and a quick ratio of 0.80.

In related news, insider Frederic Vecchioli acquired 18,475 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of GBX 164 ($2.14) per share, with a total value of £30,299 ($39,591.01).

Safestore Company Profile (LON:SAFE)

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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