Safestore (LON:SAFE) Hits New 1-Year Low – Should You Sell?

Shares of Safestore Holdings Plc (LON:SAFE) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 580.37 and last traded at GBX 590, with a volume of 7046619 shares trading hands. The stock had previously closed at GBX 594.34.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 828 price objective on shares of Safestore in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 824.

Safestore Trading Up 5.2%

The stock has a market cap of £1.34 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14. The company has a debt-to-equity ratio of 49.06, a quick ratio of 0.90 and a current ratio of 0.39. The firm’s fifty day simple moving average is GBX 648.11 and its 200-day simple moving average is GBX 706.28.

Safestore (LON:SAFE) last posted its quarterly earnings data on Thursday, June 11th. The company reported GBX 18.90 EPS for the quarter. Safestore had a net margin of 26.93% and a return on equity of 2.86%. The company had revenue of £120.60 million for the quarter. Equities research analysts expect that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

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.