Insider Buying: Safestore Holdings Plc (SAFE) Insider Acquires 5,000 Shares of Stock
Safestore Holdings Plc (LON:SAFE) insider William (Bill) Oliver acquired 5,000 shares of Safestore Holdings Plc stock in a transaction on Friday, January 13th. The stock was acquired at an average cost of GBX 341 ($4.15) per share, for a total transaction of £17,050 ($20,734.53).
Shares of Safestore Holdings Plc (LON:SAFE) traded up 0.55% during midday trading on Friday, reaching GBX 344.80. 310,922 shares of the company’s stock traded hands. The firm’s market cap is GBX 719.45 million. The company has a 50 day moving average of GBX 343.50 and a 200 day moving average of GBX 360.23. Safestore Holdings Plc has a 52-week low of GBX 311.90 and a 52-week high of GBX 415.20.
The firm also recently declared a dividend, which will be paid on Friday, April 7th. Shareholders of record on Thursday, March 9th will be given a GBX 8.05 ($0.10) dividend. This is a boost from Safestore Holdings Plc’s previous dividend of $3.60. This represents a yield of 2.31%. The ex-dividend date of this dividend is Thursday, March 9th.
A number of equities analysts have recently weighed in on the stock. Numis Securities Ltd raised shares of Safestore Holdings Plc to a “buy” rating and set a GBX 476 ($5.79) price target on the stock in a research report on Wednesday. Peel Hunt reissued a “hold” rating and set a GBX 370 ($4.50) price target on shares of Safestore Holdings Plc in a research report on Monday. Liberum Capital restated a “buy” rating and set a GBX 475 ($5.78) price objective on shares of Safestore Holdings Plc in a report on Monday. Finally, Jefferies Group restated a “hold” rating and set a GBX 361 ($4.39) price objective on shares of Safestore Holdings Plc in a report on Wednesday, December 14th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 421.57 ($5.13).
Safestore Holdings Plc Company Profile
Safestore Holdings plc is a United Kingdom-based self-storage company. The Company is engaged in providing self-storage spaces and the sale of ancillary products, such as insurance and merchandise. The Company operates in two geographical segments: the United Kingdom and France. It operates approximately 90 stores in the United Kingdom, over 60 of which are in London and the South East, and approximately 20 stores in Paris.
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