Safestore (LON:SAFE) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Safestore Holdings Plc (LON:SAFE)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 699.89 and traded as high as GBX 828.50. Safestore shares last traded at GBX 826.11, with a volume of 286,488 shares changing hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group boosted their price target on shares of Safestore from GBX 648 to GBX 682 and gave the company a “hold” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 751.

Safestore Stock Performance

The stock’s fifty day moving average is GBX 744.98 and its two-hundred day moving average is GBX 700.08. The firm has a market capitalization of £1.80 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The company has a debt-to-equity ratio of 41.53, a quick ratio of 0.90 and a current ratio of 0.89.

Safestore (LON:SAFE) last released its quarterly earnings results on Thursday, January 15th. The company reported GBX 40.10 earnings per share for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. Analysts forecast that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

Safestore Company Profile

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. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.