Safestore’s (SAFE) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of Safestore (LON:SAFE) in a research note released on Friday morning,Digital Look reports. They currently have a GBX 700 price target on the stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 788 price target on shares of Safestore in a research note on Friday. Peel Hunt reissued an “add” rating and issued a GBX 640 price objective on shares of Safestore in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 709.33.

Safestore Stock Up 1.3%

SAFE stock opened at GBX 565 on Friday. The company has a debt-to-equity ratio of 49.06, a current ratio of 0.39 and a quick ratio of 0.90. The stock has a market capitalization of £1.23 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.05 and a beta of 1.14. Safestore has a fifty-two week low of GBX 551.50 and a fifty-two week high of GBX 849.50. The business has a 50-day moving average of GBX 606.99 and a 200-day moving average of GBX 648.82.

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

Insider Buying and Selling

In related news, insider Frederic Vecchioli acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were bought at an average price of GBX 603 per share, for a total transaction of £301,500. Also, insider Simon Clinton acquired 6,258 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was bought at an average cost of GBX 556 per share, with a total value of £34,794.48. 7.91% of the stock is owned by company insiders.

Key Stories Impacting Safestore

Here are the key news stories impacting Safestore this week:

• Positive Sentiment: Chief Financial Officer Simon Clinton bought 6,258 Safestore shares at an average price of GBX 556, investing approximately £34,794. The purchase may signal management confidence in the company’s valuation and prospects. Safestore CFO Simon Clinton Buys Shares in London Market Transaction
• Positive Sentiment: Jefferies reaffirmed its “buy” rating and set a GBX 788 price target, implying substantial upside from recent trading levels. The recommendation supports the view that the stock may be undervalued despite recent weakness. Jefferies Reaffirms Safestore Buy Rating
• Positive Sentiment: Safestore reported third-quarter revenue growth, indicating continued demand for its self-storage services and providing operational support for the investment case. Safestore Reports Q3 Revenue Growth and Updates Full-Year Earnings Outlook
• Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating but raised or maintained a GBX 700 price target. The target remains above the recent share price, but the unchanged rating suggests limited conviction about near-term outperformance.
• Negative Sentiment: Safestore trimmed its full-year EPS outlook despite third-quarter revenue growth. The downgrade raises concerns about profitability, costs, or operating leverage and partially offsets the positive revenue trend. Safestore Trims Full-Year EPS Outlook Despite Q3 Revenue Growth

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.