Peel Hunt Reiterates Hold Rating for Safestore (LON:SAFE)
Peel Hunt restated their hold rating on shares of Safestore (LON:SAFE) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other research firms have also recently issued reports on SAFE. Berenberg Bank reissued a buy rating on shares of Safestore in a research report on Friday, October 4th. Liberum Capital raised their target price on shares of Safestore from GBX 650 ($8.49) to GBX 710 ($9.28) and gave the stock a buy rating in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 668.33 ($8.73).
SAFE opened at GBX 697.50 ($9.11) on Tuesday. The company’s 50 day simple moving average is GBX 678.40 and its 200 day simple moving average is GBX 647.81. The company has a debt-to-equity ratio of 55.73, a quick ratio of 0.80 and a current ratio of 0.80. Safestore has a 1 year low of GBX 496.40 ($6.49) and a 1 year high of GBX 717.50 ($9.38). The stock has a market capitalization of $1.47 billion and a PE ratio of 11.55.
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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