Safestore (OTCMKTS:SFSHF) Shares Gap Down – What’s Next?

Safestore Holdings PLC (OTCMKTS:SFSHF)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $7.8715, but opened at $7.38. Safestore shares last traded at $7.38, with a volume of 529 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SFSHF shares. Oddo Bhf downgraded shares of Safestore from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 16th. Barclays raised Safestore from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 24th. Citigroup reissued a “buy” rating on shares of Safestore in a report on Monday, October 19th. Finally, Deutsche Bank lowered Safestore to a “hold” rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Safestore Stock Down 6.2%

The business’s 50 day moving average price is $7.32 and its 200 day moving average price is $8.60.

Safestore Company Profile

Safestore Group plc is a self-storage operator founded in the United Kingdom in 1998. The company provides storage space for individuals and businesses, with units available in a range of sizes and rental options designed to meet short- and longer-term needs. Its services include storage at managed facilities, along with related offerings such as packing materials. Safestore operates across the United Kingdom, France, Spain and the Netherlands, serving customers in major urban areas. The company is headquartered in the United Kingdom and has expanded from its domestic base into continental Europe.