Safestore (LON:SAFE) Insider Jane Bentall Acquires 17,000 Shares of Stock

Safestore Holdings Plc (LON:SAFE) insider Jane Bentall acquired 17,000 shares of Safestore stock in a transaction on Wednesday, October 14th. The shares were purchased at an average cost of GBX 508 per share, with a total value of £86,360.

Safestore Stock Performance

Shares of SAFE opened at GBX 513.87 on Thursday. Safestore Holdings Plc has a one year low of GBX 486.60 and a one year high of GBX 849.50. The company has a 50-day moving average of GBX 558.10 and a two-hundred day moving average of GBX 608.64. The stock has a market cap of £1.12 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 2.05 and a beta of 1.14. The company has a debt-to-equity ratio of 49.06, a current ratio of 0.39 and a quick ratio of 0.90.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SAFE shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 700 price objective on shares of Safestore in a research report on Friday, September 4th. Jefferies Financial Group decreased their target price on Safestore from GBX 604 to GBX 64 and set a “buy” rating for the company in a research report on Thursday. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 640 target price on shares of Safestore in a research report on Monday, July 13th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Safestore presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 468.

About Safestore

Safestore Holdings plc (LSE: SAFE) is the UK’s largest self-storage group and a constituent of the FTSE-250 Index. Founded in 1998, Safestore provides flexible, affordable storage solutions to residential and business customers, operating as a Real Estate Investment Trust (REIT). The Group is headquartered in Borehamwood and listed on the Main Market of the London Stock Exchange.

Safestore is the UK’s largest self-storage group with 215 stores across seven European countries, including over 140 stores in the UK – of which, 79 are in London and the South East, with further locations in Manchester, Birmingham, Glasgow, Edinburgh, Bristol, and Leeds.