Safestore (SAFE) Price Target Increased to GBX 495 by Analysts at Jefferies Group

Safestore (LON:SAFE) had its price target raised by Jefferies Group from GBX 398 ($5.40) to GBX 495 ($6.71) in a research report report published on Thursday. The firm currently has a hold rating on the stock.

Other research analysts have also recently issued reports about the stock. Numis Securities reiterated an add rating and set a GBX 543 ($7.36) target price on shares of Safestore in a report on Thursday. Peel Hunt reiterated a hold rating and set a GBX 400 ($5.42) target price on shares of Safestore in a report on Thursday, September 14th. Berenberg Bank raised their price target on shares of Safestore from GBX 415 ($5.63) to GBX 465 ($6.31) and gave the company a buy rating in a report on Friday, September 29th. Finally, Liberum Capital raised their price target on shares of Safestore from GBX 480 ($6.51) to GBX 500 ($6.78) and gave the company a buy rating in a report on Tuesday, September 26th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 493.83 ($6.70).

Shares of Safestore (LON SAFE) traded down GBX 1.80 ($0.02) during trading on Thursday, reaching GBX 483.20 ($6.55). 352,713 shares of the company’s stock traded hands, compared to its average volume of 306,429. Safestore has a one year low of GBX 337.60 ($4.58) and a one year high of GBX 504.50 ($6.84). The company has a market cap of $1,020.00 and a PE ratio of 1,305.95.

The company also recently declared a dividend, which will be paid on Friday, April 6th. Stockholders of record on Thursday, March 8th will be issued a GBX 9.80 ($0.13) dividend. This is a boost from Safestore’s previous dividend of $4.20. This represents a dividend yield of 2.02%. The ex-dividend date is Thursday, March 8th.

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About Safestore

Safestore Holdings plc is a United Kingdom-based real estate investment trust. The Company and its subsidiaries provide self-storage facilities to customers throughout the United Kingdom and Paris. The Company’s geographical segments include the United Kingdom and France. The Company’s portfolio includes London and South East, Rest of United Kingdom and Paris.

Analyst Recommendations for Safestore (LON:SAFE)

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