Safestore (LON:SAFE) Insider Jane Bentall Buys 17,000 Shares of Company Stock

Safestore Holdings Plc (LON:SAFE) insider Jane Bentall purchased 17,000 shares of the business’s stock in a transaction dated Wednesday, October 14th. The shares were purchased at an average cost of GBX 508 per share, with a total value of £86,360.

Safestore Trading Up 2.8%

Shares of LON SAFE opened at GBX 513.87 on Thursday. The business has a 50 day simple moving average of GBX 558.10 and a 200 day simple moving average of GBX 608.64. Safestore Holdings Plc has a 52 week low of GBX 486.60 and a 52 week high of GBX 849.50. The stock has a market cap of £1.12 billion, a price-to-earnings ratio of 17.30, a PEG 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.

Wall Street Analyst Weigh In

SAFE has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on shares of Safestore from GBX 604 to GBX 64 and set a “buy” rating on the stock in a research report on Thursday. Peel Hunt reiterated an “add” rating and set a GBX 640 price target on shares of Safestore in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 700 price target on shares of Safestore in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 468.

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.