Safestore (LON:SAFE – Get Free Report) had its target price reduced by stock analysts at Jefferies Financial Group from GBX 604 to GBX 64 in a report released on Thursday, Digital Look reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 87.49% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Peel Hunt restated an “add” rating and issued a GBX 640 target price on shares of Safestore in a research note 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. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Safestore presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 468.
Check Out Our Latest Research Report on Safestore
Safestore Price Performance
Insider Buying and Selling
In other Safestore news, insider Simon Clinton acquired 6,258 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average cost 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. 7.95% of the stock is owned by insiders.
About Safestore
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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