Jefferies Financial Group Reiterates Buy Rating for Safestore (LON:SAFE)

Safestore (LON:SAFE)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a report released on Friday, Digital Look reports. They currently have a GBX 788 price target on the stock. Jefferies Financial Group’s price objective points to a potential upside of 41.35% from the company’s previous close.

Separately, Peel Hunt reaffirmed an “add” rating and set a GBX 640 price objective on shares of Safestore in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Safestore currently has an average rating of “Buy” and a consensus target price of GBX 714.

Safestore Price Performance

Shares of SAFE stock opened at GBX 557.50 on Friday. The firm’s 50 day moving average price is GBX 608.10 and its two-hundred day moving average price is GBX 650.42. The company has a debt-to-equity ratio of 49.06, a quick ratio of 0.90 and a current ratio of 0.39. Safestore has a 52-week low of GBX 551.50 and a 52-week high of GBX 849.50. The stock has a market cap of £1.22 billion, a PE ratio of 18.77, a PEG ratio of 2.05 and a beta of 1.14.

Safestore (LON:SAFE) last issued its earnings results on Thursday, June 11th. The company reported GBX 18.90 EPS for the quarter. The company had revenue of £120.60 million during the quarter. Safestore had a net margin of 26.93% and a return on equity of 2.86%. As a group, analysts forecast that Safestore will post 42.6926692 EPS for the current year.

Insider Activity at Safestore

In other news, insider Frederic Vecchioli sold 15,251 shares of Safestore stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of GBX 584, for a total transaction of £89,065.84. 7.90% of the stock is currently owned by corporate insiders.

About Safestore

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.