Shurgard Self Storage (OTCMKTS:SSSAF) Shares Up 2.1% – Here’s Why

Shurgard Self Storage Ltd (OTCMKTS:SSSAF) shot up 2.1% on Wednesday. The company traded as high as $24.50 and last traded at $24.50. 175 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,751 shares. The stock had previously closed at $24.00.

Analysts Set New Price Targets

SSSAF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered Shurgard Self Storage to a “hold” rating in a report on Wednesday, August 19th. Barclays lowered Shurgard Self Storage to an “underweight” rating in a research report on Monday, August 24th. BNP Paribas Exane assumed coverage on Shurgard Self Storage in a research report on Wednesday, July 1st. They set an “outperform” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Shurgard Self Storage in a research note on Friday, August 14th. Finally, The Goldman Sachs Group downgraded shares of Shurgard Self Storage to a “neutral” rating in a report on Monday, September 7th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Shurgard Self Storage Stock Up 3.4%

The firm has a fifty day moving average price of $27.14 and a 200 day moving average price of $28.62.

About Shurgard Self Storage

Shurgard Self Storage SA is a European self-storage company that owns, develops and operates storage facilities for individuals and businesses. Its facilities offer a range of storage units designed for personal belongings, household moves, business inventory, archives and other storage needs.

The company provides customers with flexible rental arrangements, online reservations and account management, secure facility access, and related products such as packing and moving supplies. Its facilities are generally located in urban and metropolitan areas, where demand for additional storage space is supported by residential mobility, business activity and limited available space.

Shurgard serves customers across several European markets, including the United Kingdom, France, the Netherlands, Sweden, Germany, Belgium and Denmark.