Safestay PLC (LON:SSTY) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 34 ($0.44) and last traded at GBX 35 ($0.46), with a volume of 11106 shares. The stock had previously closed at GBX 36 ($0.47).

Several brokerages have recently issued reports on SSTY. Canaccord Genuity restated a “buy” rating and issued a GBX 70 ($0.91) price objective on shares of Safestay in a research note on Friday, October 12th. JPMorgan Chase & Co. restated a “buy” rating and issued a GBX 70 ($0.91) price objective on shares of Safestay in a research note on Tuesday, September 25th.

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Safestay Company Profile (LON:SSTY)

Safestay plc operates and develops tourist hostels under the Safestay brand in the United Kingdom. It provides overnight hostel accommodation services; and owns properties. The company serves families, school groups, young adults, backpackers, and savvy business travelers. Safestay Plc was incorporated in 2014 and is based in London, the United Kingdom.

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