Safestore (LON:SAFE) Earns Hold Rating from Peel Hunt

Peel Hunt reissued their hold rating on shares of Safestore (LON:SAFE) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently weighed in on SAFE. Liberum Capital raised their price objective on Safestore from GBX 650 ($8.49) to GBX 710 ($9.28) and gave the stock a buy rating in a research report on Thursday, September 12th. Numis Securities raised Safestore to an add rating in a research report on Thursday, June 13th.

Safestore stock opened at GBX 651.50 ($8.51) on Tuesday. The company has a debt-to-equity ratio of 55.73, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $1.37 billion and a price-to-earnings ratio of 10.79. Safestore has a 1-year low of GBX 493 ($6.44) and a 1-year high of GBX 686.50 ($8.97). The business has a fifty day moving average price of GBX 638.14 and a 200-day moving average price of GBX 629.81.

In other Safestore news, insider Frederic Vecchioli acquired 18,475 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of GBX 164 ($2.14) per share, with a total value of £30,299 ($39,591.01).

Safestore Company Profile

UK's largest self storage group with 146 stores Safestore has 119 self storage centres in the UK including two business centres and a further 27 stores in the Paris region. Safestore was founded in the UK in 1998. It acquired the French business “Une Pièce en Plus” in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.

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