Safestay PLC (LON:SSTY) had its target price lifted by investment analysts at Canaccord Genuity from GBX 65 ($0.82) to GBX 70 ($0.89) in a research report issued to clients and investors on Wednesday, May 31st. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 34.62% from the stock’s current price.

Shares of Safestay PLC (LON:SSTY) remained flat at GBX 52.00 during mid-day trading on Wednesday. The company’s stock had a trading volume of 2,000 shares. The firm has a 50-day moving average of GBX 51.34 and a 200 day moving average of GBX 47.44. The stock’s market cap is GBX 17.79 million. Safestay PLC has a one year low of GBX 36.70 and a one year high of GBX 59.00.

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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 offers accommodation for a range of guests, including from school groups, young adults and backpackers to families.

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