Shurgard Self Storage (OTCMKTS:SSSAF) Shares Up 2.1% – Here’s What Happened

Shurgard Self Storage Ltd (OTCMKTS:SSSAF) traded up 2.1% during trading on Wednesday. The company traded as high as $24.50 and last traded at $24.50. Approximately 175 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,751 shares. The stock had previously closed at $24.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group downgraded Shurgard Self Storage to a “neutral” rating in a research note on Monday, September 7th. Deutsche Bank Aktiengesellschaft cut Shurgard Self Storage to a “hold” rating in a research note on Wednesday, August 19th. BNP Paribas Exane assumed coverage on shares of Shurgard Self Storage in a research report on Wednesday, July 1st. They set an “outperform” rating on the stock. Barclays cut shares of Shurgard Self Storage to an “underweight” rating in a research note on Monday, August 24th. Finally, Citigroup reissued a “buy” rating on shares of Shurgard Self Storage in a research report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Shurgard Self Storage presently has a consensus rating of “Hold”.

Shurgard Self Storage Stock Up 2.1%

The stock has a fifty day simple moving average of $27.24 and a 200-day simple moving average of $28.66.

About Shurgard Self Storage

Shurgard Self Storage SA is a European self-storage company that owns, develops and operates storage facilities for individuals and businesses. Its facilities offer a range of storage units designed for personal belongings, household moves, business inventory, archives and other storage needs.

The company provides customers with flexible rental arrangements, online reservations and account management, secure facility access, and related products such as packing and moving supplies. Its facilities are generally located in urban and metropolitan areas, where demand for additional storage space is supported by residential mobility, business activity and limited available space.

Shurgard serves customers across several European markets, including the United Kingdom, France, the Netherlands, Sweden, Germany, Belgium and Denmark.