Safestay (LON:SSTY) Receives “House Stock” Rating from Shore Capital Group

Safestay (LON:SSTY)‘s stock had its “house stock” rating reissued by equities research analysts at Shore Capital Group in a research report issued to clients and investors on Monday,London Stock Exchange reports.

Safestay Trading Down 1.9%

Shares of LON SSTY opened at GBX 12.75 on Monday. The company’s 50 day simple moving average is GBX 13.85 and its 200 day simple moving average is GBX 15.74. Safestay has a fifty-two week low of GBX 10.30 and a fifty-two week high of GBX 26. The firm has a market capitalization of £8.28 million, a P/E ratio of -15.94 and a beta of 1.34. The company has a debt-to-equity ratio of 159.81, a current ratio of 0.27 and a quick ratio of 1.27.

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.