Safestore (LON:SAFE) Upgraded by Deutsche Bank Aktiengesellschaft to Buy Rating

Key Points

• Deutsche Bank Aktiengesellschaft upgraded Safestore's rating to "buy" and revised its price target from GBX 770 to GBX 820, indicating a potential upside of 23.96% from its previous close.
• Safestore's stock opened at GBX 661.50 and has shown a one-year range with a low of GBX 525.50 and a high of GBX 930.
• Insider Jane Bentall purchased 13,700 shares of Safestore at an average price of GBX 689 per share, reflecting confidence in the company's performance.

Safestore (LON:SAFE - Get Free Report) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a "buy" rating in a report released on Friday,Digital Look reports. The brokerage presently has a GBX 820 ($10.83) price target on the stock, up from their previous price target of GBX 770 ($10.17). Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 23.96% from the company's previous close.

Safestore Stock Down 1.8%

Shares of Safestore stock opened at GBX 661.50 ($8.74) on Friday. The company has a market cap of £1.44 billion, a P/E ratio of 5.45, a PEG ratio of 2.05 and a beta of 0.86. The company has a debt-to-equity ratio of 41.53, a quick ratio of 0.90 and a current ratio of 0.89. Safestore has a one year low of GBX 525.50 ($6.94) and a one year high of GBX 930 ($12.29). The firm has a fifty day moving average of GBX 665.68 and a two-hundred day moving average of GBX 627.18.

Safestore (LON:SAFE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The company reported GBX 18.60 ($0.25) earnings per share (EPS) for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. On average, analysts forecast that Safestore will post 42.6926692 earnings per share for the current year.

Insider Activity

In other news, insider Jane Bentall bought 13,700 shares of Safestore stock in a transaction dated Thursday, July 3rd. The shares were acquired at an average cost of GBX 689 ($9.10) per share, with a total value of £94,393 ($124,693.53). 2.77% of the stock is owned by corporate 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.

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