Safestore’s (SAFE) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Safestore (LON:SAFE) in a research report released on Friday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 788 price target on the stock.

Separately, Peel Hunt reiterated an “add” rating and set a GBX 640 price target on shares of Safestore in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 709.33.

Safestore Stock Up 1.3%

SAFE stock opened at GBX 565 on Friday. The firm has a market cap of £1.23 billion, a PE ratio of 19.02, a P/E/G ratio of 2.05 and a beta of 1.14. Safestore has a 12 month low of GBX 551.50 and a 12 month high of GBX 849.50. The company has a debt-to-equity ratio of 49.06, a current ratio of 0.39 and a quick ratio of 0.90. The firm has a 50 day simple moving average of GBX 606.99 and a 200 day simple moving average of GBX 648.82.

Safestore (LON:SAFE) last issued its quarterly 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 for the quarter. Safestore had a return on equity of 2.86% and a net margin of 26.93%. Equities research analysts forecast that Safestore will post 42.6926692 earnings per share for the current fiscal year.

Insider Buying and Selling at Safestore

In other Safestore news, insider Simon Clinton purchased 6,258 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were purchased at an average price of GBX 556 per share, for a total transaction of £34,794.48. Also, insider Frederic Vecchioli bought 50,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was acquired at an average cost of GBX 603 per share, for a total transaction of £301,500. 7.91% of the stock is owned by corporate insiders.

Trending Headlines about Safestore

Here are the key news stories impacting Safestore this week:

• Positive Sentiment: Chief Financial Officer Simon Clinton bought 6,258 Safestore shares at an average price of GBX 556, investing approximately £34,794. The purchase may signal management confidence in the company’s valuation and prospects. Safestore CFO Simon Clinton Buys Shares in London Market Transaction
• Positive Sentiment: Jefferies reaffirmed its “buy” rating and set a GBX 788 price target, implying substantial upside from recent trading levels. The recommendation supports the view that the stock may be undervalued despite recent weakness. Jefferies Reaffirms Safestore Buy Rating
• Positive Sentiment: Safestore reported third-quarter revenue growth, indicating continued demand for its self-storage services and providing operational support for the investment case. Safestore Reports Q3 Revenue Growth and Updates Full-Year Earnings Outlook
• Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating but raised or maintained a GBX 700 price target. The target remains above the recent share price, but the unchanged rating suggests limited conviction about near-term outperformance.
• Negative Sentiment: Safestore trimmed its full-year EPS outlook despite third-quarter revenue growth. The downgrade raises concerns about profitability, costs, or operating leverage and partially offsets the positive revenue trend. Safestore Trims Full-Year EPS Outlook Despite Q3 Revenue Growth

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.