Simon Clinton Acquires 4,656 Shares of Safestore (LON:SAFE) Stock

Key Points

• Insider Simon Clinton purchased 4,656 shares of Safestore Holdings Plc for approximately £29,984.64, at an average price of GBX 644 per share.
• Deutsche Bank has upgraded Safestore's shares to a "buy" rating and raised its price target from GBX 770 to GBX 820.
• Safestore Holdings Plc is the UK's largest self-storage group, with 190 stores as of October 31, 2023, including 133 stores in the UK.

Safestore Holdings Plc (LON:SAFE - Get Free Report) insider Simon Clinton bought 4,656 shares of the stock in a transaction on Tuesday, September 23rd. The shares were bought at an average price of GBX 644 per share, for a total transaction of £29,984.64.

Safestore Price Performance

Shares of LON SAFE traded up GBX 2 on Tuesday, hitting GBX 640.50. The company's stock had a trading volume of 402,201 shares, compared to its average volume of 1,303,152. Safestore Holdings Plc has a 12-month low of GBX 525.50 and a 12-month high of GBX 915.50. The company has a market capitalization of £1.40 billion, a price-to-earnings ratio of 475.50, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The company has a debt-to-equity ratio of 41.53, a current ratio of 0.89 and a quick ratio of 0.90. The stock has a 50 day moving average of GBX 650.97 and a 200-day moving average of GBX 637.27.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised shares of Safestore to a "buy" rating and upped their price target for the company from GBX 770 to GBX 820 in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 820.

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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