Safestore (LON:SAFE) Downgraded by Berenberg Bank
Berenberg Bank cut shares of Safestore (LON:SAFE) to a hold rating in a research report sent to investors on Friday, Stock Target Advisor reports.
A number of other research firms have also recently commented on SAFE. Peel Hunt reiterated a hold rating on shares of Safestore in a research report on Thursday, June 18th. Jefferies Financial Group raised shares of Safestore to a buy rating in a research report on Thursday, April 2nd. Finally, Liberum Capital reissued a hold rating on shares of Safestore in a report on Thursday, June 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 755 ($9.29).
LON SAFE opened at GBX 722 ($8.89) on Friday. The stock has a market capitalization of $1.56 billion and a price-to-earnings ratio of 8.16. Safestore has a 1-year low of GBX 501 ($6.17) and a 1-year high of GBX 886.89 ($10.91). The company has a debt-to-equity ratio of 54.52, a current ratio of 0.67 and a quick ratio of 0.65. The business’s fifty day moving average price is GBX 688.92 and its 200-day moving average price is GBX 735.92.
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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