Safestay’s (SSTY) House Stock Rating Reiterated at Shore Capital Group

Safestay (LON:SSTY)‘s stock had its “house stock” rating reaffirmed by stock analysts at Shore Capital Group in a note issued to investors on Monday,London Stock Exchange reports.

Safestay Price Performance

SSTY stock opened at GBX 12.30 on Monday. The business has a 50 day moving average price of GBX 14.76 and a 200 day moving average price of GBX 16.61. The stock has a market cap of £7.99 million, a price-to-earnings ratio of -15.38 and a beta of 1.34. Safestay has a fifty-two week low of GBX 12 and a fifty-two week high of GBX 26. The company has a quick ratio of 1.27, a current ratio of 0.27 and a debt-to-equity ratio of 159.81.

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.