Safestore (LON:SAFE) Insider Purchases 50,000 Shares

Safestore Holdings Plc (LON:SAFEGet Free Report) insider Frederic Vecchioli acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were purchased at an average cost of GBX 603 per share, for a total transaction of £301,500.

Safestore Price Performance

Shares of SAFE stock traded up GBX 15 on Thursday, reaching GBX 630. The company’s stock had a trading volume of 552,338 shares, compared to its average volume of 2,624,540. The stock’s fifty day simple moving average is GBX 646.83 and its 200-day simple moving average is GBX 705.49. Safestore Holdings Plc has a 1 year low of GBX 578.70 and a 1 year high of GBX 849.50. The company has a market capitalization of £1.38 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14. The company has a current ratio of 0.39, a quick ratio of 0.90 and a debt-to-equity ratio of 49.06.

Safestore (LON:SAFEGet Free Report) last released its quarterly earnings results on Thursday, June 11th. The company reported GBX 18.90 earnings per share (EPS) for the quarter. Safestore had a net margin of 26.93% and a return on equity of 2.86%. The company had revenue of £120.60 million for the quarter. Analysts forecast that Safestore Holdings Plc will post 42.6926692 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 828 price target on shares of Safestore in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 824.

Read Our Latest Research Report on Safestore

Safestore Company Profile

(Get Free Report)

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.

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