Safestore (SAFE) Rating Reiterated by Peel Hunt

Safestore (LON:SAFE)‘s stock had its “hold” rating reaffirmed by research analysts at Peel Hunt in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports.

Other research analysts have also recently issued research reports about the company. Liberum Capital restated a “buy” rating on shares of Safestore in a research report on Tuesday, April 2nd. HSBC assumed coverage on Safestore in a research report on Tuesday, February 12th. They issued a “buy” rating and a GBX 670 ($8.75) price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Safestore presently has a consensus rating of “Buy” and an average target price of GBX 645 ($8.43).

Shares of LON SAFE opened at GBX 640 ($8.36) on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 54.05. Safestore has a 52 week low of GBX 493 ($6.44) and a 52 week high of GBX 661 ($8.64). The firm has a market capitalization of $1.35 billion and a P/E ratio of 7.60.

In other Safestore news, insider Ian Krieger bought 10,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were purchased at an average price of GBX 596 ($7.79) per share, for a total transaction of £59,600 ($77,877.96).

Safestore Company Profile

UK's largest self storage group with 146 stores Safestore has 119 self storage centres in the UK including two business centres and a further 27 stores in the Paris region. Safestore was founded in the UK in 1998. It acquired the French business “Une Pièce en Plus” in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.

Featured Story: Why is momentum important to successful trading?

Analyst Recommendations for Safestore (LON:SAFE)

Receive News & Ratings for Safestore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safestore and related companies with MarketBeat.com's FREE daily email newsletter.