Insider Buying: Safestore (LON:SAFE) Insider Buys £301,500 in Stock

Safestore Holdings Plc (LON:SAFE) insider Frederic Vecchioli purchased 50,000 shares of Safestore stock in a transaction dated Wednesday, June 24th. The shares were acquired at an average cost of GBX 603 per share, with a total value of £301,500.

Safestore Stock Performance

Shares of LON:SAFE traded up GBX 15 during trading on Thursday, hitting GBX 630. The company’s stock had a trading volume of 552,338 shares, compared to its average volume of 2,624,540. The company has a debt-to-equity ratio of 49.06, a current ratio of 0.39 and a quick ratio of 0.90. The firm has a market cap of £1.38 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 2.05 and a beta of 1.14. The company has a 50-day moving average of GBX 646.83 and a 200-day moving average of GBX 705.49. Safestore Holdings Plc has a 12 month low of GBX 578.70 and a 12 month high of GBX 849.50.

Safestore (LON:SAFE) last announced its earnings results on Thursday, June 11th. The company reported GBX 18.90 earnings per share (EPS) for the quarter. Safestore had a net margin of 26.93% and a return on equity of 2.86%. The company had revenue of £120.60 million during the quarter. On average, sell-side analysts expect that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 828 price objective on shares of Safestore in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 824.

About Safestore

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.