Safestore (LON:SAFE) Given Add Rating at Peel Hunt
Peel Hunt reissued their add rating on shares of Safestore (LON:SAFE) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued research reports about the company. Bank of America cut Safestore to an underperform rating in a report on Tuesday, January 14th. Numis Securities cut Safestore to a hold rating in a report on Wednesday, February 5th. Berenberg Bank lifted their target price on Safestore from GBX 610 ($8.02) to GBX 870 ($11.44) and gave the company a buy rating in a research report on Thursday, January 23rd. Liberum Capital reaffirmed a hold rating on shares of Safestore in a research report on Monday, January 27th. Finally, Jefferies Financial Group lifted their target price on Safestore from GBX 670 ($8.81) to GBX 750 ($9.87) and gave the company a hold rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 825 ($10.85).
SAFE opened at GBX 842.50 ($11.08) on Tuesday. The business has a fifty day moving average of GBX 793.79 and a 200 day moving average of GBX 713.66. Safestore has a 52-week low of GBX 571 ($7.51) and a 52-week high of GBX 832 ($10.94). The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 53.86. The stock has a market cap of $1.73 billion and a P/E ratio of 13.46.
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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