Safestore (LON:SAFE) Given “Hold” Rating at Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Safestore (LON:SAFE) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also weighed in on the stock. Liberum Capital restated a hold rating on shares of Daily Mail and General Trust P L C in a report on Tuesday, July 2nd. Numis Securities restated a buy rating and issued a GBX 2,800 ($36.59) target price on shares of in a report on Thursday, June 13th.

SAFE opened at GBX 638 ($8.34) on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 55.73. Safestore has a fifty-two week low of GBX 493 ($6.44) and a fifty-two week high of GBX 662.50 ($8.66). The firm has a market cap of $1.34 billion and a price-to-earnings ratio of 10.56. The stock has a 50-day simple moving average of GBX 633.93.

The company also recently disclosed a dividend, which will be paid on Friday, August 16th. Shareholders of record on Thursday, July 11th will be paid a GBX 5.50 ($0.07) dividend. The ex-dividend date is Thursday, July 11th. This represents a yield of 0.86%. Safestore’s dividend payout ratio (DPR) is 0.28%.

About Safestore

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.

See Also: What does a hold rating mean?

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