Simon Clinton Purchases 6,258 Shares of Safestore (LON:SAFE) Stock

Safestore Holdings Plc (LON:SAFE) insider Simon Clinton acquired 6,258 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were bought at an average price of GBX 556 per share, with a total value of £34,794.48.

Safestore Stock Performance

SAFE traded up GBX 7.50 during midday trading on Friday, reaching GBX 565. The company had a trading volume of 3,523,420 shares, compared to its average volume of 2,362,051. Safestore Holdings Plc has a 12-month low of GBX 551.50 and a 12-month high of GBX 849.50. The business has a 50-day moving average price of GBX 608.10 and a two-hundred day moving average price of GBX 650.42. The stock has a market cap of £1.23 billion, a PE ratio of 19.02, a P/E/G ratio of 2.05 and a beta of 1.14. 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 (LON:SAFE) last issued its quarterly earnings results on Thursday, June 11th. The company reported GBX 18.90 earnings per share (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%. On average, sell-side analysts expect that Safestore Holdings Plc will post 42.6926692 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 788 price target on shares of Safestore in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 700 price objective on shares of Safestore in a report on Friday. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 640 price objective on shares of Safestore in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 709.33.

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.