Safestore (LON:SAFE) Hits New 12-Month Low – Here’s Why

Shares of Safestore Holdings Plc (LON:SAFE) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 580.37 and last traded at GBX 590, with a volume of 7046619 shares trading hands. The stock had previously closed at GBX 594.34.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 828 price target on shares of Safestore in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 824.

Safestore Stock Down 0.5%

The firm has a 50 day simple moving average of GBX 651.92 and a two-hundred day simple moving average of GBX 708.18. The company has a debt-to-equity ratio of 49.06, a quick ratio of 0.90 and a current ratio of 0.39. The stock has a market cap of £1.29 billion, a P/E ratio of 11.69, a P/E/G ratio of 2.05 and a beta of 1.14.

Safestore (LON:SAFE) last announced its quarterly earnings results on Thursday, June 11th. The company reported GBX 18.90 earnings per share (EPS) for the quarter. Safestore had a return on equity of 2.86% and a net margin of 26.93%.The company had revenue of £120.60 million during the quarter. Equities research analysts predict that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

About Safestore

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. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.