Safestore (LON:SAFE) Price Target Raised to GBX 682

Safestore (LON:SAFE) had its target price raised by Jefferies Financial Group from GBX 648 to GBX 682 in a research report report published on Tuesday, Marketbeat Ratings reports. Jefferies Financial Group currently has a hold rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised shares of Safestore to a “buy” rating and raised their target price for the company from GBX 770 to GBX 820 in a report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 751.

Safestore Stock Down 2.0%

Shares of LON:SAFE opened at GBX 725.50 on Tuesday. The firm’s 50 day moving average price is GBX 667.87 and its 200 day moving average price is GBX 657.24. The stock has a market cap of £1.58 billion, a price-to-earnings ratio of 5.39, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. Safestore has a fifty-two week low of GBX 525.50 and a fifty-two week high of GBX 853.50. The company has a quick ratio of 0.90, a current ratio of 0.89 and a debt-to-equity ratio of 41.53.

Insider Buying and Selling

In related news, insider Simon Clinton purchased 4,656 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were bought at an average cost of GBX 644 per share, for a total transaction of £29,984.64. 7.87% of the stock is owned by corporate insiders.

About Safestore

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.