Safestore (LON:SAFE) Reaches New 52-Week Low – What’s Next?

Safestore Holdings Plc (LON:SAFE)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 550.50 and last traded at GBX 550.50, with a volume of 10890763 shares changing hands. The stock had previously closed at GBX 560.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 700 target price on shares of Safestore in a research report on Friday, September 4th. Peel Hunt restated an “add” rating and set a GBX 640 price objective on shares of Safestore in a research report on Monday, July 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 788 target price on shares of Safestore in a research report on Friday, September 4th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 709.33.

Safestore Price Performance

The firm has a market capitalization of £1.21 billion, a PE ratio of 18.58, a PEG ratio of 2.05 and a beta of 1.14. The company has a debt-to-equity ratio of 49.06, a current ratio of 0.39 and a quick ratio of 0.90. The firm has a 50-day simple moving average of GBX 604.68 and a 200-day simple moving average of GBX 645.47.

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

Insider Activity at Safestore

In related news, insider Frederic Vecchioli sold 15,251 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of GBX 584, for a total transaction of £89,065.84. Also, insider Simon Clinton bought 6,258 shares of Safestore stock in a transaction on Friday, September 4th. The shares were acquired at an average cost of GBX 556 per share, with a total value of £34,794.48. Insiders own 7.91% of the company’s stock.

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.