Safestore (LON:SAFE) Hits New 1-Year Low – Here’s What Happened

Safestore Holdings Plc (LON:SAFE)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 556.50 and last traded at GBX 562.12, with a volume of 1654585 shares traded. The stock had previously closed at GBX 575.

Analyst Upgrades and Downgrades

SAFE has been the topic of a number of recent analyst reports. Peel Hunt restated an “add” rating and set a GBX 640 price target on shares of Safestore in a research report on Monday, July 13th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 828 price target on shares of Safestore in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 734.

Safestore Stock Down 2.2%

The stock has a market cap of £1.23 billion, a price-to-earnings ratio of 18.93, a PEG 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. The business’s 50 day moving average is GBX 609.35 and its 200-day moving average is GBX 652.06.

Safestore (LON:SAFE) last issued its quarterly earnings results on Thursday, June 11th. The company reported GBX 18.90 earnings per share for the quarter. Safestore had a return on equity of 2.86% and a net margin of 26.93%.The company had revenue of £120.60 million for the quarter. On average, sell-side analysts predict that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Insider Transactions at Safestore

In other Safestore news, insider Frederic Vecchioli acquired 50,000 shares of Safestore stock in a transaction dated Wednesday, June 24th. The stock was bought at an average cost of GBX 603 per share, for a total transaction of £301,500. Corporate insiders own 7.90% of the company’s stock.

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.