Safestore (LON:SAFE) Insider Buys £34,794.48 in Stock

Safestore Holdings Plc (LON:SAFE) insider Simon Clinton bought 6,258 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were bought at an average price of GBX 556 per share, with a total value of £34,794.48.

Safestore Stock Performance

Shares of SAFE stock opened at GBX 565 on Monday. Safestore Holdings Plc has a 52 week low of GBX 551.50 and a 52 week high of GBX 849.50. The company has a market capitalization of £1.23 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.05 and a beta of 1.14. The company has a 50-day simple moving average of GBX 606.99 and a 200 day simple moving average of GBX 648.82. The company has a debt-to-equity ratio of 49.06, a quick ratio of 0.90 and a current ratio of 0.39.

Safestore (LON:SAFE) last released its quarterly 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 firm had revenue of £120.60 million for the quarter. On average, sell-side analysts predict that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

More Safestore News

Here are the key news stories impacting Safestore this week:

• Positive Sentiment: Chief Financial Officer Simon Clinton bought 6,258 Safestore shares at an average price of GBX 556, investing approximately £34,794. The purchase may signal management confidence in the company’s valuation and prospects. Safestore CFO Simon Clinton Buys Shares in London Market Transaction
• Positive Sentiment: Jefferies reaffirmed its “buy” rating and set a GBX 788 price target, implying substantial upside from recent trading levels. The recommendation supports the view that the stock may be undervalued despite recent weakness. Jefferies Reaffirms Safestore Buy Rating
• Positive Sentiment: Safestore reported third-quarter revenue growth, indicating continued demand for its self-storage services and providing operational support for the investment case. Safestore Reports Q3 Revenue Growth and Updates Full-Year Earnings Outlook
• Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating but raised or maintained a GBX 700 price target. The target remains above the recent share price, but the unchanged rating suggests limited conviction about near-term outperformance.
• Negative Sentiment: Safestore trimmed its full-year EPS outlook despite third-quarter revenue growth. The downgrade raises concerns about profitability, costs, or operating leverage and partially offsets the positive revenue trend. Safestore Trims Full-Year EPS Outlook Despite Q3 Revenue Growth

Analyst Ratings Changes

Several research analysts have weighed in on SAFE shares. Peel Hunt reiterated an “add” rating and set a GBX 640 price objective on shares of Safestore in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 700 price target on shares of Safestore in a research note on Friday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 788 price target on shares of Safestore in a research report on Friday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Safestore has a consensus rating of “Moderate Buy” and a consensus target price of GBX 709.33.

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.