Safestore (SAFE) PT Raised to GBX 495
Safestore (LON:SAFE) had its price objective hoisted by Jefferies Group from GBX 398 ($5.40) to GBX 495 ($6.71) in a report issued on Thursday morning. Jefferies Group currently has a hold rating on the stock.
Several other equities analysts have also commented on the stock. Peel Hunt reaffirmed a hold rating on shares of Safestore in a research report on Thursday, November 16th. Liberum Capital reaffirmed a buy rating and issued a GBX 500 ($6.78) price objective on shares of Safestore in a research report on Thursday, November 16th. Numis Securities reaffirmed an add rating and issued a GBX 508 ($6.89) price objective on shares of Safestore in a research report on Thursday, September 28th. Finally, Berenberg Bank increased their price objective on shares of Safestore from GBX 415 ($5.63) to GBX 465 ($6.31) and gave the company a buy rating in a research report on Friday, September 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Safestore has an average rating of Buy and an average target price of GBX 493.83 ($6.70).
Safestore (LON:SAFE) traded down GBX 1.80 ($0.02) during trading hours on Thursday, hitting GBX 483.20 ($6.55). 352,713 shares of the stock were exchanged, compared to its average volume of 306,429. Safestore has a twelve month low of GBX 337.60 ($4.58) and a twelve month high of GBX 504.50 ($6.84). The company has a market cap of $1,020.00 and a PE ratio of 1,305.95.
The business also recently disclosed a dividend, which will be paid on Friday, April 6th. Investors of record on Thursday, March 8th will be given a GBX 9.80 ($0.13) dividend. This is a positive change from Safestore’s previous dividend of $4.20. This represents a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, March 8th.
Safestore Company Profile
Safestore Holdings plc is a United Kingdom-based real estate investment trust. The Company and its subsidiaries provide self-storage facilities to customers throughout the United Kingdom and Paris. The Company’s geographical segments include the United Kingdom and France. The Company’s portfolio includes London and South East, Rest of United Kingdom and Paris.
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