Safestore (LON:SAFE) Insider Sells £89,065.84 in Stock

Safestore Holdings Plc (LON:SAFE) insider Frederic Vecchioli sold 15,251 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of GBX 584, for a total value of £89,065.84.

Frederic Vecchioli also recently made the following trade(s):

• On Wednesday, June 24th, Frederic Vecchioli purchased 50,000 shares of Safestore stock. The stock was bought at an average cost of GBX 603 per share, with a total value of £301,500.

Safestore Price Performance

Shares of LON:SAFE opened at GBX 603 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.90 and a debt-to-equity ratio of 49.06. The stock’s fifty day simple moving average is GBX 610.85 and its two-hundred day simple moving average is GBX 665.08. Safestore Holdings Plc has a 1-year low of GBX 554.50 and a 1-year high of GBX 849.50. The stock has a market cap of £1.32 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14.

Safestore (LON:SAFE) last posted its earnings results on Thursday, June 11th. The company reported GBX 18.90 earnings per share (EPS) for the quarter. The firm had revenue of £120.60 million during the quarter. Safestore had a net margin of 26.93% and a return on equity of 2.86%. As a group, analysts forecast that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAFE. Peel Hunt reaffirmed an “add” rating and issued a GBX 640 price objective on shares of Safestore in a research report on Monday, July 13th. Jefferies Financial Group reissued a “buy” rating and set a GBX 828 target price on shares of Safestore in a research report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 734.

Safestore Company Profile

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.