Safestore (LON:SAFE) Sets New 1-Year Low - Here's Why

Key Points

• Safestore shares fell to a new 52-week low of GBX 533 and last traded at GBX 538.92, below the previous close of GBX 544.83.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of GBX 709.33, implying substantial upside from the current level.
• Insider activity was mixed: one insider sold shares worth about £89,000, while another purchased 6,258 shares for approximately £34,800; insiders collectively own 7.91% of the company.

Safestore Holdings Plc (LON:SAFE - Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 533 and last traded at GBX 538.92, with a volume of 338059 shares traded. The stock had previously closed at GBX 544.83.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SAFE shares. Peel Hunt reissued an "add" rating and issued a GBX 640 target price on shares of Safestore in a report on Monday, July 13th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 788 price target on shares of Safestore in a research report on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 700 price objective on shares of Safestore in a research report on Friday, September 4th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 709.33.

Safestore Stock Performance

The company has a debt-to-equity ratio of 49.06, a quick ratio of 0.90 and a current ratio of 0.39. The business's fifty day simple moving average is GBX 599.27 and its 200-day simple moving average is GBX 638.37. The firm has a market capitalization of £1.17 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14.

Insiders Place Their Bets

In other Safestore news, insider Frederic Vecchioli sold 15,251 shares of Safestore stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of GBX 584, for a total value of £89,065.84. Also, insider Simon Clinton purchased 6,258 shares of the firm's stock in a transaction on Friday, September 4th. The stock was bought at an average price of GBX 556 per share, for a total transaction of £34,794.48. Insiders own 7.91% of the company's stock.

Safestore Company Profile

Safestore Holdings plc LSE: SAFE is the UK's largest self-storage group and a constituent of the FTSE-250 Index. Founded in 1998, Safestore provides flexible, affordable storage solutions to residential and business customers, operating as a Real Estate Investment Trust (REIT). The Group is headquartered in Borehamwood and listed on the Main Market of the London Stock Exchange. Safestore is the UK's largest self-storage group with 215 stores across seven European countries, including over 140 stores in the UK – of which, 79 are in London and the South East, with further locations in Manchester, Birmingham, Glasgow, Edinburgh, Bristol, and Leeds.

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