Safestore (LON:SAFE) Insider Acquires £34,794.48 in Stock

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

Safestore Stock Performance

Shares of LON:SAFE traded up GBX 7.50 on Friday, reaching GBX 565. 3,523,420 shares of the company’s stock were exchanged, compared to its average volume of 2,362,051. The company has a current ratio of 0.39, a quick ratio of 0.90 and a debt-to-equity ratio of 49.06. The company has a market capitalization of £1.23 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.05 and a beta of 1.14. The company has a fifty day moving average of GBX 608.10 and a 200-day moving average of GBX 650.42. Safestore Holdings Plc has a twelve month low of GBX 551.50 and a twelve month high of GBX 849.50.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SAFE. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 700 price objective on shares of Safestore in a research note on Friday. Jefferies Financial Group reissued a “buy” rating and set a GBX 788 price target on shares of Safestore in a research report on Friday. Finally, Peel Hunt restated an “add” rating and set a GBX 640 price target on shares of Safestore in a report on Monday, July 13th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.