Shares of Safestore Holdings Plc (LON:SAFE) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 855 ($11.25) and last traded at GBX 854 ($11.23), with a volume of 322720 shares trading hands. The stock had previously closed at GBX 823 ($10.83).
Several brokerages recently issued reports on SAFE. Liberum Capital reissued a “hold” rating on shares of Safestore in a report on Thursday. Jefferies Financial Group lifted their price target on shares of Safestore from GBX 670 ($8.81) to GBX 750 ($9.87) and gave the company a “hold” rating in a report on Friday, January 17th. Peel Hunt reissued an “add” rating on shares of Safestore in a report on Tuesday. Numis Securities downgraded shares of Safestore to a “hold” rating in a report on Wednesday, February 5th. Finally, Berenberg Bank lifted their price target on shares of Safestore from GBX 610 ($8.02) to GBX 870 ($11.44) and gave the company a “buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 825 ($10.85).
The stock has a market capitalization of $1.78 billion and a P/E ratio of 13.64. The firm’s fifty day moving average is GBX 793.79 and its 200-day moving average is GBX 713.66. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 53.86.
The company also recently declared a dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 5th will be issued a dividend of GBX 12 ($0.16) per share. This is an increase from Safestore’s previous dividend of $5.50. This represents a yield of 1.52%. The ex-dividend date of this dividend is Thursday, March 5th. Safestore’s dividend payout ratio (DPR) is currently 0.27%.
About Safestore (LON:SAFE)
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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