Safestore (LON:SAFE) Insider Sells 15,251 Shares of Stock

Safestore Holdings Plc (LON:SAFE) insider Frederic Vecchioli sold 15,251 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of GBX 584, for a total transaction of £89,065.84.

Frederic Vecchioli also recently made the following trade(s):

• On Wednesday, June 24th, Frederic Vecchioli acquired 50,000 shares of Safestore stock. The shares were purchased at an average cost of GBX 603 per share, with a total value of £301,500.

Safestore Stock Down 0.3%

SAFE stock opened at GBX 594.50 on Thursday. The stock has a fifty day moving average of GBX 611.18 and a 200-day moving average of GBX 667.10. Safestore Holdings Plc has a fifty-two week low of GBX 554.50 and a fifty-two week high of GBX 849.50. The company has a market capitalization of £1.30 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.05 and a beta of 1.14. The company has a debt-to-equity ratio of 49.06, a quick ratio of 0.90 and a current ratio of 0.39.

Safestore (LON:SAFE) last released 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 net margin of 26.93% and a return on equity of 2.86%. As a group, equities research analysts predict that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 828 price objective on shares of Safestore in a research report on Thursday, June 11th. Peel Hunt reissued an “add” rating and issued a GBX 640 price target on shares of Safestore in a research note on Monday, July 13th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Safestore currently has an average rating of “Buy” and a consensus price target of GBX 734.

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.