Safestore (LON:SAFE) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Safestore Holdings Plc (LON:SAFE) shares crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 628.08 and traded as low as GBX 526. Safestore shares last traded at GBX 532.50, with a volume of 307,563 shares.

Analysts Set New Price Targets

SAFE has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 700 price objective on shares of Safestore in a research note on Friday, September 4th. Peel Hunt restated an “add” rating and set a GBX 640 price target on shares of Safestore in a report on Monday, July 13th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 788 price target on shares of Safestore in a research report on Friday, September 4th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 709.33.

Safestore Stock Performance

The stock has a market capitalization of £1.14 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14. 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 company has a 50-day moving average price of GBX 588.57 and a two-hundred day moving average price of GBX 625.

Insider Activity at Safestore

In other Safestore news, insider Simon Clinton bought 6,258 shares of the stock in a transaction on Friday, September 4th. The stock was acquired at an average cost of GBX 556 per share, for a total transaction of £34,794.48. Also, insider Frederic Vecchioli sold 15,251 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of GBX 584, for a total value of £89,065.84. Company insiders own 7.91% of the company’s stock.

Safestore Company Profile

Safestore Holdings plc (LSE: SAFE) is the UK’s largest self-storage group and a constituent of the FTSE-250 Index. Founded in 1998, Safestore provides flexible, affordable storage solutions to residential and business customers, operating as a Real Estate Investment Trust (REIT). The Group is headquartered in Borehamwood and listed on the Main Market of the London Stock Exchange.

Safestore is the UK’s largest self-storage group with 215 stores across seven European countries, including over 140 stores in the UK – of which, 79 are in London and the South East, with further locations in Manchester, Birmingham, Glasgow, Edinburgh, Bristol, and Leeds.