Safestore (LON:SAFE) Hits New 12-Month Low – Time to Sell?

Safestore Holdings Plc (LON:SAFE)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as GBX 500.50 and last traded at GBX 502.50, with a volume of 81222703 shares traded. The stock had previously closed at GBX 525.50.

Analyst Ratings Changes

Several equities analysts recently weighed in on SAFE shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 788 price target on shares of Safestore in a research report on Friday, September 4th. Peel Hunt reissued an “add” rating and set a GBX 640 price objective on shares of Safestore in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 700 price objective on shares of Safestore in a research note on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 709.33.

Safestore Price Performance

The company has a quick ratio of 0.90, a current ratio of 0.39 and a debt-to-equity ratio of 49.06. The business’s 50-day moving average is GBX 577.65 and its two-hundred day moving average is GBX 617.68. The company has a market capitalization of £1.11 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14.

Insider Transactions at Safestore

In related news, insider Simon Clinton bought 6,258 shares of the company’s stock in a transaction on Friday, September 4th. The shares were purchased 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 stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of GBX 584, for a total transaction of £89,065.84. 7.91% of the stock is owned by insiders.

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.