Safestore (SAFE) Sets New 1-Year High at $642.50
Safestore Holdings Plc (LON:SAFE) shares reached a new 52-week high on Thursday . The company traded as high as GBX 642.50 ($8.40) and last traded at GBX 639.50 ($8.36), with a volume of 547981 shares changing hands. The stock had previously closed at GBX 621 ($8.11).
A number of analysts have recently commented on SAFE shares. Liberum Capital reissued a “buy” rating on shares of Safestore in a research note on Thursday, February 14th. HSBC started coverage on shares of Safestore in a research note on Tuesday, February 12th. They set a “buy” rating and a GBX 670 ($8.75) target price for the company. Finally, Peel Hunt reissued a “hold” rating on shares of Safestore in a research note on Thursday, February 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 645 ($8.43).
The company has a market capitalization of $1.33 billion and a P/E ratio of 7.60. The company has a debt-to-equity ratio of 54.05, a quick ratio of 0.52 and a current ratio of 0.64.
About Safestore (LON:SAFE)
UK's largest self storage group with 146 stores Safestore has 119 self storage centres in the UK including two business centres and a further 27 stores in the Paris region. Safestore was founded in the UK in 1998. It acquired the French business Une Pièce en Plus in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.
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