Insider Buying: Safestore (LON:SAFE) Insider Acquires £86,360 in Stock

Safestore Holdings Plc (LON:SAFE) insider Jane Bentall bought 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 14th. The stock was purchased at an average cost of GBX 508 per share, with a total value of £86,360.

Safestore Price Performance

LON:SAFE opened at GBX 519.50 on Friday. The firm has a market cap of £1.13 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14. The company’s 50-day moving average is GBX 553.76 and its two-hundred day moving average is GBX 607.24. The company has a current ratio of 0.39, a quick ratio of 0.90 and a debt-to-equity ratio of 49.06. Safestore Holdings Plc has a 12-month low of GBX 486.60 and a 12-month high of GBX 849.50.

Analyst Ratings Changes

A number of research firms recently commented on SAFE. Peel Hunt reiterated an “add” rating and issued a GBX 640 price target on shares of Safestore in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 700 target price on shares of Safestore in a report on Friday, September 4th. Finally, Jefferies Financial Group reduced their price target on shares of Safestore from GBX 604 to GBX 64 and set a “buy” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 468.

About Safestore

Safestore Holdings plc (LSE: SAFE) is the UK’s largest self-storage group and a constituent of the FTSE-250 Index. Founded in 1998, Safestore provides flexible, affordable storage solutions to residential and business customers, operating as a Real Estate Investment Trust (REIT). The Group is headquartered in Borehamwood and listed on the Main Market of the London Stock Exchange.

Safestore is the UK’s largest self-storage group with 215 stores across seven European countries, including over 140 stores in the UK – of which, 79 are in London and the South East, with further locations in Manchester, Birmingham, Glasgow, Edinburgh, Bristol, and Leeds.