Safestore (LON:SAFE) Hits New 52-Week Low - Time to Sell?

Key Points

• Safestore shares hit a new 52-week low, trading as low as GBX 556.50 and last changing hands at GBX 562.12, below its 50-day and 200-day moving averages.
• Despite the decline, analysts remain positive: Safestore holds an average “Buy” rating with a GBX 734 target price, including targets of GBX 640 from Peel Hunt and GBX 828 from Jefferies.
• The company reported quarterly EPS of GBX 18.90 and revenue of £120.60 million, while insider Frederic Vecchioli sold 15,251 shares for approximately £89,066.

Safestore Holdings Plc (LON:SAFE - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 556.50 and last traded at GBX 562.12, with a volume of 1654585 shares traded. The stock had previously closed at GBX 575.

Analysts Set New Price Targets

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

Safestore Price Performance

The stock has a market capitalization of £1.23 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 2.05 and a beta of 1.14. The company has a quick ratio of 0.90, a current ratio of 0.39 and a debt-to-equity ratio of 49.06. The business's 50 day simple moving average is GBX 609.35 and its 200-day simple moving average is GBX 652.06.

Safestore (LON:SAFE - Get Free Report) last announced its quarterly earnings data on Thursday, June 11th. The company reported GBX 18.90 earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts forecast that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

Insider Activity

In other Safestore news, insider Frederic Vecchioli sold 15,251 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of GBX 584, for a total transaction of £89,065.84. 7.90% of the stock is currently owned by insiders.

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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