Safestore (LON:SAFE) Stock Jumps 1.1% – Should You Buy?

Safestore Holdings Plc (LON:SAFE) shot up 1.1% during mid-day trading on Friday. The stock traded as high as GBX 567.50 and last traded at GBX 567. Approximately 53,799,141 shares were traded during trading, an increase of 2,048% from the average daily volume of 2,504,632 shares. The stock had previously closed at GBX 561.

Analyst Ratings Changes

SAFE has been the subject of a number of analyst reports. Deutsche Bank reaffirmed a “hold” rating and set a GBX 700 price objective on shares of Safestore in a research note on Friday, September 4th. Jefferies Financial Group cut their price target on shares of Safestore from GBX 604 to GBX 64 and set a “buy” rating on the stock in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Safestore currently has an average rating of “Moderate Buy” and a consensus target price of GBX 468.

Safestore Price Performance

The stock has a fifty day moving average price of GBX 533.68 and a 200-day moving average price of GBX 631.39. The company has a market cap of £1.24 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.05 and a beta of 1.19. The company has a debt-to-equity ratio of 49.06, a current ratio of 0.39 and a quick ratio of 0.90.

Insider Activity at Safestore

In related news, insider Frederic Vecchioli sold 15,251 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of GBX 584, for a total transaction of £89,065.84. Also, insider Jane Bentall acquired 17,000 shares of the stock in a transaction that occurred on Wednesday, October 14th. The shares were bought at an average cost of GBX 508 per share, for a total transaction of £86,360. 7.95% of the stock is owned by insiders.

About Safestore

Safestore Holdings plc (LSE: SAFE) is the UK’s largest self-storage group and a constituent of the FTSE-250 Index. Founded in 1998, Safestore provides flexible, affordable storage solutions to residential and business customers, operating as a Real Estate Investment Trust (REIT). The Group is headquartered in Borehamwood and listed on the Main Market of the London Stock Exchange. Safestore is the UK’s largest self-storage group with 215 stores across seven European countries, including over 140 stores in the UK – of which, 79 are in London and the South East, with further locations in Manchester, Birmingham, Glasgow, Edinburgh, Bristol, and Leeds.