Peel Hunt reiterated their add rating on shares of Safestore (LON:SAFE) in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other analysts have also recently issued reports on the company. Numis Securities cut Safestore to a hold rating in a research report on Wednesday, February 5th. Jefferies Financial Group increased their target price on Safestore from GBX 670 ($8.81) to GBX 750 ($9.87) and gave the stock a hold rating in a research note on Friday, January 17th. Liberum Capital reiterated a hold rating on shares of Safestore in a research note on Monday, January 27th. Bank of America lowered Safestore to an underperform rating in a research note on Tuesday, January 14th. Finally, Berenberg Bank increased their target price on Safestore from GBX 610 ($8.02) to GBX 870 ($11.44) and gave the stock a buy rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 825 ($10.85).
SAFE opened at GBX 854 ($11.23) on Tuesday. Safestore has a 12-month low of GBX 571 ($7.51) and a 12-month high of GBX 832 ($10.94). The stock has a market cap of $1.80 billion and a price-to-earnings ratio of 13.64. The business has a 50 day moving average of GBX 794.82 and a 200-day moving average of GBX 714.73. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 53.86.
The company also recently announced a dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 5th will be paid a dividend of GBX 12 ($0.16) per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a dividend yield of 1.52%. This is a positive change from Safestore’s previous dividend of $5.50. Safestore’s dividend payout ratio (DPR) is 0.27%.
Safestore Company Profile
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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