Safestore (LON:SAFE) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Safestore Holdings Plc (LON:SAFE) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 692.63 and traded as low as GBX 597. Safestore shares last traded at GBX 606.50, with a volume of 479,556 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Peel Hunt reissued an “add” rating and set a GBX 640 target price on shares of Safestore in a research note on Monday, July 13th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 828 target price on shares of Safestore in a report on Thursday, June 11th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 762.67.

Safestore Trading Up 0.1%

The firm has a market capitalization of £1.33 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.05 and a beta of 1.15. The company has a debt-to-equity ratio of 49.06, a quick ratio of 0.90 and a current ratio of 0.39. The company has a 50-day moving average price of GBX 616.73 and a 200-day moving average price of GBX 691.72.

Safestore (LON:SAFE) last posted its earnings results on Thursday, June 11th. The company reported GBX 18.90 earnings per share for the quarter. The firm 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, research analysts forecast that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Insider Activity at Safestore

In related news, insider Frederic Vecchioli bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were purchased at an average cost of GBX 603 per share, with a total value of £301,500. 7.90% of the stock is owned by company insiders.

Safestore Company Profile

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.