Safestore (LON:SAFE) Price Target Increased to GBX 710 by Analysts at Liberum Capital
Safestore (LON:SAFE) had its price target hoisted by Liberum Capital from GBX 650 ($8.49) to GBX 710 ($9.28) in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
Several other research analysts also recently issued reports on SAFE. Peel Hunt restated a hold rating on shares of Safestore in a report on Monday. Numis Securities upgraded shares of Safestore to an add rating in a report on Thursday, June 13th.
Shares of LON:SAFE traded down GBX 7.50 ($0.10) on Thursday, hitting GBX 646.50 ($8.45). 167,723 shares of the company were exchanged, compared to its average volume of 397,381. The company’s 50 day moving average price is GBX 636.60 and its two-hundred day moving average price is GBX 627.46. Safestore has a one year low of GBX 493 ($6.44) and a one year high of GBX 686.50 ($8.97). The company has a debt-to-equity ratio of 55.73, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $1.37 billion and a price-to-earnings ratio of 10.70.
In other Safestore news, insider Frederic Vecchioli bought 18,475 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of GBX 164 ($2.14) per share, with a total value of £30,299 ($39,591.01).
Safestore Company Profile
UK's largest self storage group with 146 stores Safestore has 119 self storage centres in the UK including two business centres and a further 27 stores in the Paris region. Safestore was founded in the UK in 1998. It acquired the French business Une Pièce en Plus in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.
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