Shares of Safestay plc (LON:SSTY – Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 13.19 and traded as high as GBX 13.50. Safestay shares last traded at GBX 12.30, with a volume of 5,000 shares traded.
Wall Street Analyst Weigh In
Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Safestay in a research report on Monday, June 1st.
View Our Latest Report on Safestay
Safestay Price Performance
About Safestay
Safestay PLC is one of Europe’s largest hostel groups, operating in the fragmented and fast-growing global hostel market that is expected to be worth $8.9bn annually by 2027*.
Safestay’s portfolio of 20 premium hostels and one hotel offer guests both private and shared rooms in destination cities across the UK, Spain, Belgium, Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.
In 2024, the Group delivered a 10% increase in Total Bed Nights to 931,688, 37% of which were booked through direct and non-commissionable channels.
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