Safestore (SAFE) Given Buy Rating at Liberum Capital
Separately, Peel Hunt restated a hold rating on shares of Safestore in a report on Wednesday, September 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of GBX 599 ($7.83).
SAFE traded up GBX 8 ($0.10) on Friday, hitting GBX 528 ($6.90). The company had a trading volume of 354,252 shares, compared to its average volume of 397,381. Safestore has a 52-week low of GBX 360 ($4.70) and a 52-week high of GBX 528 ($6.90).
Safestore is the UK's largest self-storage group with 145 stores at 31 July 2018, comprising 119 wholly owned stores in the UK (including 67 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol) and 26 wholly owned stores in the Paris region.
Further Reading: What are retained earnings?
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