Safestay (LON:SSTY) Earns “House Stock” Rating from Shore Capital Group

Safestay (LON:SSTY)‘s stock had its “house stock” rating reaffirmed by stock analysts at Shore Capital Group in a research report issued to clients and investors on Wednesday,Digital Look reports.

Safestay Price Performance

Safestay stock opened at GBX 13.50 on Wednesday. Safestay has a one year low of GBX 10.30 and a one year high of GBX 35. The company has a debt-to-equity ratio of 334.89, a quick ratio of 1.26 and a current ratio of 0.55. The business has a fifty day moving average of GBX 13.43 and a two-hundred day moving average of GBX 14.40. The company has a market cap of £8.77 million, a P/E ratio of -0.87 and a beta of 1.34.

Safestay (LON:SSTY) last issued its earnings results on Monday, June 29th. The company reported GBX (15.48) EPS for the quarter. Safestay had a negative return on equity of 44.19% and a negative net margin of 48.84%. As a group, analysts predict that Safestay will post 24.0500009 earnings per share for the current fiscal year.

About Safestay

Safestay PLC is one of Europe’s largest hostel groups, operating in the fragmented and fast-growing global hostel market that is expected to be worth $8.9bn annually by 2027*.

Safestay’s portfolio of 20 premium hostels and one hotel offer guests both private and shared rooms in destination cities across the UK, Spain, Belgium, Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.

In 2024, the Group delivered a 10% increase in Total Bed Nights to 931,688, 37% of which were booked through direct and non-commissionable channels.