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

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 analysts at Deutsche Bank Aktiengesellschaft to a "buy" rating in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a GBX 820 ($10.90) price target on the stock, up from their prior price target of GBX 770 ($10.23). Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 21.81% from the company's current price.

Safestore Stock Performance

Shares of SAFE traded down GBX 0.33 ($0.00) during mid-day trading on Friday, reaching GBX 673.17 ($8.95). 390,101 shares of the company's stock traded hands, compared to its average volume of 1,268,628. Safestore has a 12 month low of GBX 525.50 ($6.98) and a 12 month high of GBX 930 ($12.36). The company has a debt-to-equity ratio of 41.53, a quick ratio of 0.90 and a current ratio of 0.89. The stock has a market capitalization of £1.47 billion, a P/E ratio of 5.55, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The business's 50-day moving average price is GBX 667.57 and its 200-day moving average price is GBX 627.63.

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

Insider Buying and Selling

In other news, insider Jane Bentall acquired 13,700 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was purchased at an average price of GBX 689 ($9.16) per share, with a total value of £94,393 ($125,455.87). Corporate insiders own 2.77% of the company's stock.

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.