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

Key Points

• Safestore insider Frederic Vecchioli sold 15,251 shares at an average price of GBX 584, generating proceeds of approximately £89,066. He previously bought 50,000 shares in June at GBX 603 each.
• Safestore shares opened at GBX 594.50 and are down 0.3%, trading below their 50-day and 200-day moving averages. The stock’s market capitalization is approximately £1.30 billion.
• Analysts maintain a positive outlook, with a consensus “Buy” rating and a GBX 734 price target; individual targets range from GBX 640 to GBX 828.

Safestore Holdings Plc (LON:SAFE - Get Free Report) insider Frederic Vecchioli sold 15,251 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of GBX 584, for a total value of £89,065.84.

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

• On Wednesday, June 24th, Frederic Vecchioli bought 50,000 shares of Safestore stock. The stock was acquired at an average price of GBX 603 per share, for a total transaction of £301,500.

Safestore Trading Down 0.3%

Shares of Safestore stock opened at GBX 594.50 on Thursday. The firm has a market capitalization of £1.30 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14. The company has a current ratio of 0.39, a quick ratio of 0.90 and a debt-to-equity ratio of 49.06. The firm's 50 day moving average is GBX 611.18 and its 200 day moving average is GBX 667.10. Safestore Holdings Plc has a 1 year low of GBX 554.50 and a 1 year high of GBX 849.50.

Safestore (LON:SAFE - Get Free Report) last issued its earnings results on Thursday, June 11th. The company reported GBX 18.90 earnings per share (EPS) for the quarter. The business had revenue of £120.60 million during the quarter. Safestore had a return on equity of 2.86% and a net margin of 26.93%. Equities research analysts forecast that Safestore Holdings Plc will post 42.6926692 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SAFE shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 828 price target on shares of Safestore in a research note on Thursday, June 11th. Peel Hunt reissued an "add" rating and set a GBX 640 price objective on shares of Safestore in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 734.

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.

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