Safestore (LON:SAFE) Sets New 12-Month High – Still a Buy?

Shares of Safestore Holdings Plc (LON:SAFE) reached a new 52-week high on Thursday . The company traded as high as GBX 798 and last traded at GBX 791, with a volume of 111807 shares trading hands. The stock had previously closed at GBX 769.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their target price on shares of Safestore from GBX 648 to GBX 682 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Safestore currently has a consensus rating of “Moderate Buy” and an average price target of GBX 751.

Safestore Stock Up 4.0%

The firm has a market capitalization of £1.75 billion, a PE ratio of 5.94, a P/E/G ratio of 2.05 and a beta of 0.86. The company has a debt-to-equity ratio of 41.53, a current ratio of 0.89 and a quick ratio of 0.90. The company has a 50-day moving average price of GBX 722.30 and a 200 day moving average price of GBX 689.34.

Safestore (LON:SAFE) last released its earnings results on Thursday, January 15th. The company reported GBX 40.10 earnings per share (EPS) for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. Analysts forecast that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

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.