Safestore (LON:SAFE) Shares Cross Above 200-Day Moving Average – Should You Sell?

Safestore Holdings Plc (LON:SAFEGet Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 661.39 and traded as high as GBX 731. Safestore shares last traded at GBX 730, with a volume of 740,799 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on SAFE shares. Deutsche Bank Aktiengesellschaft upgraded shares of Safestore to a “buy” rating and increased their price objective for the company from GBX 770 to GBX 820 in a research report on Friday, August 1st. Jefferies Financial Group increased their price objective on shares of Safestore from GBX 648 to GBX 682 and gave the company a “hold” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 751.

Read Our Latest Research Report on SAFE

Safestore Trading Up 0.4%

The stock’s 50 day moving average price is GBX 673.97 and its 200-day moving average price is GBX 661.39. The company has a quick ratio of 0.90, a current ratio of 0.89 and a debt-to-equity ratio of 41.53. The stock has a market capitalization of £1.60 billion, a PE ratio of 5.44, a PEG ratio of 2.05 and a beta of 0.86.

Insider Activity

In other news, insider Simon Clinton acquired 4,656 shares of Safestore stock in a transaction dated Tuesday, September 23rd. The stock was purchased at an average cost of GBX 644 per share, with a total value of £29,984.64. 7.87% of the stock is currently owned by company insiders.

Safestore Company Profile

(Get Free Report)

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.

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