Safestore (LON:SAFE) Sets New 1-Year Low – Here’s Why

Safestore Holdings Plc (LON:SAFE)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 596 and last traded at GBX 598, with a volume of 217106 shares traded. The stock had previously closed at GBX 604.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 828 price objective on shares of Safestore in a report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 824.

Safestore Stock Performance

The company has a debt-to-equity ratio of 49.06, a quick ratio of 0.90 and a current ratio of 0.39. The firm’s 50-day moving average price is GBX 654.60 and its two-hundred day moving average price is GBX 710.04. The firm has a market capitalization of £1.32 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14.

Safestore (LON:SAFE) last issued its earnings results on Thursday, June 11th. The company reported GBX 18.90 earnings per share for the quarter. Safestore had a net margin of 26.93% and a return on equity of 2.86%. The business had revenue of £120.60 million for the quarter. Sell-side analysts predict that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

Insider Buying and Selling at Safestore

In other Safestore news, insider Simon Clinton bought 6,166 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were acquired at an average cost of GBX 613 per share, for a total transaction of £37,797.58. Company insiders own 7.88% of the company’s stock.

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