Safestore’s (SAFE) “Hold” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Safestore (LON:SAFE)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Friday, Digital Look reports. They presently have a GBX 700 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 24.11% from the stock’s current price.

Several other research firms have also commented on SAFE. Peel Hunt reaffirmed an “add” rating and set a GBX 640 target price on shares of Safestore in a report on Monday, July 13th. Jefferies Financial Group restated a “buy” rating and set a GBX 788 price objective on shares of Safestore in a research note on Friday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 709.33.

Safestore Stock Performance

Shares of SAFE stock traded up GBX 6.50 on Friday, hitting GBX 564. 3,549,088 shares of the stock traded hands, compared to its average volume of 2,362,201. The company has a market capitalization of £1.23 billion, a PE ratio of 18.99, a PEG ratio of 2.05 and a beta of 1.14. The company’s fifty day moving average is GBX 608.10 and its 200 day moving average is GBX 650.42. The company has a debt-to-equity ratio of 49.06, a current ratio of 0.39 and a quick ratio of 0.90. Safestore has a 1-year low of GBX 551.50 and a 1-year high of GBX 849.50.

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

Insider Activity at Safestore

In other news, insider Frederic Vecchioli sold 15,251 shares of Safestore stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of GBX 584, for a total transaction of £89,065.84. Insiders own 7.90% of the company’s stock.

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.