Safestore (LON:SAFE) Hits New 12-Month High – Still a Buy?

Safestore Holdings Plc (LON:SAFE)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 776.50 and last traded at GBX 776.50, with a volume of 457461 shares. The stock had previously closed at GBX 743.50.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upped their price objective on shares of Safestore from GBX 648 to GBX 682 and gave the company a “hold” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Safestore currently has an average rating of “Moderate Buy” and a consensus price target of GBX 751.

Safestore Price Performance

The company has a quick ratio of 0.90, a current ratio of 0.89 and a debt-to-equity ratio of 41.53. The business’s 50 day simple moving average is GBX 718.48 and its two-hundred day simple moving average is GBX 686.89. The stock has a market capitalization of £1.71 billion, a P/E ratio of 5.81, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

Safestore Company Profile

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.