Safestore (LON:SAFE) Stock Rating Upgraded by Numis Securities

Numis Securities upgraded shares of Safestore (LON:SAFE) to an add rating in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other analysts have also issued reports on the company. Liberum Capital reiterated a buy rating on shares of Safestore in a research note on Tuesday, April 2nd. Peel Hunt reiterated a hold rating on shares of Safestore in a research note on Tuesday, May 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of GBX 643.33 ($8.41).

LON:SAFE opened at GBX 656.50 ($8.58) on Thursday. The company has a debt-to-equity ratio of 54.05, a quick ratio of 0.52 and a current ratio of 0.64. Safestore has a 52-week low of GBX 493 ($6.44) and a 52-week high of GBX 662.50 ($8.66). The firm has a market cap of $1.38 billion and a P/E ratio of 7.80.

In related news, insider Ian Krieger acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average cost 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.

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Analyst Recommendations for Safestore (LON:SAFE)

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