Safestore Holdings Plc (LON:SAFE – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as GBX 500.50 and last traded at GBX 502.50, with a volume of 81222703 shares traded. The stock had previously closed at GBX 525.50.
Wall Street Analyst Weigh In
SAFE has been the subject of a number of analyst reports. Peel Hunt reissued an “add” rating and issued a GBX 640 price target on shares of Safestore in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 700 target price on shares of Safestore in a research report on Friday, September 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 788 target price on shares of Safestore in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 709.33.
Read Our Latest Research Report on Safestore
Safestore Stock Performance
Insider Activity at Safestore
In other Safestore news, insider Simon Clinton bought 6,258 shares of the stock in a transaction on Friday, September 4th. The stock was purchased at an average price of GBX 556 per share, for a total transaction of £34,794.48. Also, insider Frederic Vecchioli sold 15,251 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of GBX 584, for a total transaction of £89,065.84. Corporate insiders own 7.91% of the company’s stock.
Safestore Company Profile
Safestore Holdings plc (LSE: SAFE) is the UK’s largest self-storage group and a constituent of the FTSE-250 Index. Founded in 1998, Safestore provides flexible, affordable storage solutions to residential and business customers, operating as a Real Estate Investment Trust (REIT). The Group is headquartered in Borehamwood and listed on the Main Market of the London Stock Exchange.
Safestore is the UK’s largest self-storage group with 215 stores across seven European countries, including over 140 stores in the UK – of which, 79 are in London and the South East, with further locations in Manchester, Birmingham, Glasgow, Edinburgh, Bristol, and Leeds.
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