Safestore (LON:SAFE) Stock Gets Price Target Trim from Jefferies Financial Group

Safestore (LON:SAFE) had its price objective lowered by Jefferies Financial Group from GBX 604 to GBX 64 in a report released on Thursday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

SAFE has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 700 price target on shares of Safestore in a research report on Friday, September 4th. Peel Hunt reissued an “add” rating and set a GBX 640 price objective on shares of Safestore in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 468.

Safestore Stock Performance

Shares of SAFE opened at GBX 519.50 on Thursday. The company has a current ratio of 0.39, a quick ratio of 0.90 and a debt-to-equity ratio of 49.06. The firm has a market cap of £1.13 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14. The company’s 50 day simple moving average is GBX 553.76 and its 200-day simple moving average is GBX 607.24. Safestore has a 12-month low of GBX 486.60 and a 12-month high of GBX 849.50.

Insider Activity at Safestore

In related news, insider Jane Bentall acquired 17,000 shares of Safestore stock in a transaction on Wednesday, October 14th. The stock was purchased at an average cost of GBX 508 per share, with a total value of £86,360. Also, insider Simon Clinton acquired 6,258 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were bought at an average cost of GBX 556 per share, with a total value of £34,794.48. 7.95% of the stock is currently owned by insiders.

About Safestore

Safestore Holdings plc (LSE: SAFE) is the UK’s largest self-storage group and a constituent of the FTSE-250 Index. Founded in 1998, Safestore provides flexible, affordable storage solutions to residential and business customers, operating as a Real Estate Investment Trust (REIT). The Group is headquartered in Borehamwood and listed on the Main Market of the London Stock Exchange.

Safestore is the UK’s largest self-storage group with 215 stores across seven European countries, including over 140 stores in the UK – of which, 79 are in London and the South East, with further locations in Manchester, Birmingham, Glasgow, Edinburgh, Bristol, and Leeds.