Safestore (LON:SAFE) Sets New 12-Month High at $761.50

Safestore Holdings Plc (LON:SAFE)’s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 761.50 ($9.95) and last traded at GBX 756.50 ($9.89), with a volume of 785 shares. The stock had previously closed at GBX 756 ($9.88).

Several analysts have recently commented on SAFE shares. Liberum Capital restated a “buy” rating and set a GBX 710 ($9.28) target price on shares of Safestore in a report on Thursday, November 14th. Peel Hunt restated a “hold” rating on shares of Safestore in a research note on Tuesday. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Safestore in a report on Friday, October 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Safestore presently has a consensus rating of “Buy” and a consensus target price of GBX 668.33 ($8.73).

The stock’s 50 day simple moving average is GBX 712.12 and its two-hundred day simple moving average is GBX 659.13. The company has a market capitalization of $1.56 billion and a P/E ratio of 12.24. The company has a debt-to-equity ratio of 55.73, a current ratio of 0.80 and a quick ratio of 0.80.

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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