Safestore (OTCMKTS:SFSHF) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Safestore (OTCMKTS:SFSHF) from a hold rating to a sell rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Safestore Holdings plc is a real estate investment trust. The company provides self-storage facilities for personal and business customers primarily in the United Kingdom and France. Safestore Holdings plc is headquartered in Borehamwood, the United Kingdom. “

A number of other analysts also recently issued reports on the company. Jefferies Financial Group reaffirmed a buy rating on shares of Safestore in a report on Thursday, July 16th. Stifel Nicolaus downgraded Safestore from a buy rating to a hold rating in a report on Friday, June 26th. Berenberg Bank downgraded Safestore from a buy rating to a hold rating in a report on Friday, June 26th. Finally, Peel Hunt downgraded Safestore to a hold rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $9.50.

OTCMKTS:SFSHF opened at $9.65 on Wednesday. The stock has a fifty day moving average price of $9.24 and a 200 day moving average price of $8.24. Safestore has a 12-month low of $6.13 and a 12-month high of $9.65.

Safestore Company Profile

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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