Safestore (LON:SAFE) Hits New 1-Year High at $767.50

Safestore Holdings Plc (LON:SAFE) reached a new 52-week high on Monday . The stock traded as high as GBX 767.50 ($10.10) and last traded at GBX 769 ($10.12), with a volume of 289912 shares trading hands. The stock had previously closed at GBX 767 ($10.09).

SAFE has been the topic of several recent research reports. Peel Hunt restated a “hold” rating on shares of Safestore in a report on Tuesday, December 3rd. Liberum Capital restated a “buy” rating on shares of Safestore in a report on Friday, December 6th. Finally, Berenberg Bank restated a “buy” rating on shares of Safestore in a report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Safestore has an average rating of “Buy” and an average target price of GBX 668.33 ($8.79).

The company has a fifty day simple moving average of GBX 722.39 and a two-hundred day simple moving average of GBX 663.26. The company has a debt-to-equity ratio of 55.73, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $1.62 billion and a P/E ratio of 12.73.

Safestore Company Profile (LON:SAFE)

UK's largest self storage group with 146 stores Safestore has 119 self storage centres in the UK including two business centres and a further 27 stores in the Paris region. Safestore was founded in the UK in 1998. It acquired the French business “Une Pièce en Plus” in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.

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