Safestore (LON:SAFE) Hits New 12-Month Low – Time to Sell?

Safestore Holdings Plc (LON:SAFE) hit a new 52-week low on Tuesday . The company traded as low as GBX 533 and last traded at GBX 538.92, with a volume of 338059 shares. The stock had previously closed at GBX 544.83.

Analysts Set New Price Targets

Several brokerages have recently commented on SAFE. Peel Hunt reissued an “add” rating and set a GBX 640 price objective on shares of Safestore in a report on Monday, July 13th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 788 price target on shares of Safestore in a research note on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 700 price target on shares of Safestore in a report on Friday, September 4th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Safestore currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 709.33.

Safestore Price Performance

The stock has a market cap of £1.16 billion, a PE ratio of 17.86, a P/E/G ratio of 2.05 and a beta of 1.14. The business has a fifty day simple moving average of GBX 596.83 and a two-hundred day simple moving average of GBX 634.61. The company has a current ratio of 0.39, a quick ratio of 0.90 and a debt-to-equity ratio of 49.06.

Insider Activity

In related news, insider Frederic Vecchioli purchased 50,000 shares of the stock in a transaction dated Wednesday, June 24th. The stock was purchased at an average price of GBX 603 per share, with a total value of £301,500. Also, insider Simon Clinton bought 6,258 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was purchased at an average cost of GBX 556 per share, with a total value of £34,794.48. 7.91% of the stock is owned by company insiders.

Safestore Company Profile

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.