Canaccord Genuity reaffirmed their buy rating on shares of Safestay PLC (LON:SSTY) in a research note issued to investors on Thursday morning. They currently have a GBX 65 ($0.85) price objective on the stock.

Shares of Safestay PLC (LON:SSTY) remained flat at GBX 43.50 during mid-day trading on Thursday. The stock had a trading volume of 22,600 shares. The stock’s market capitalization is GBX 14.89 million. The firm has a 50 day moving average price of GBX 49.19 and a 200 day moving average price of GBX 53.44. Safestay PLC has a 12-month low of GBX 40.00 and a 12-month high of GBX 70.00.

Safestay PLC Company Profile

Safestay plc is a United Kingdom-based owner and operator of a hostel group. The principal activity of the Company consists of the operation of backpacker tourist hostels under the Safestay brand. The Company’s properties include Safestay Elephant & Castle, and Safestay York. Safestay Elephant & Castle, located in John Smith House, has a range of accommodation options, including single, twin, double and family bunk rooms with their own tea or coffee-making facilities and 40-inch televisions, and four, six and eight-bunk bedded dorms with en-suite facilities.

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