Safestore (LON:SAFE) Hits New 52-Week Low – Should You Sell?

Shares of Safestore Holdings Plc (LON:SAFE) reached a new 52-week low during trading on Monday . The company traded as low as GBX 580.37 and last traded at GBX 590, with a volume of 7046619 shares traded. The stock had previously closed at GBX 594.34.

Analyst Ratings Changes

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

Safestore Trading Down 0.5%

The company has a current ratio of 0.39, a quick ratio of 0.90 and a debt-to-equity ratio of 49.06. The firm has a 50-day moving average price of GBX 651.92 and a 200-day moving average price of GBX 708.18. The company has a market capitalization of £1.29 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.05 and a beta of 1.14.

Safestore (LON:SAFE) last announced its quarterly earnings data on Thursday, June 11th. The company reported GBX 18.90 earnings per share for the quarter. The business had revenue of £120.60 million during the quarter. Safestore had a return on equity of 2.86% and a net margin of 26.93%. As a group, sell-side analysts predict that Safestore Holdings Plc will post 42.6926692 EPS for the current year.

About Safestore

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.