Safestore (LON:SAFE) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Safestore Holdings Plc (LON:SAFEGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 697.91 and traded as low as GBX 594.50. Safestore shares last traded at GBX 600, with a volume of 285,210 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 828 price target on shares of Safestore in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Safestore presently has a consensus rating of “Buy” and an average price target of GBX 824.

Get Our Latest Stock Report on SAFE

Safestore Trading Up 0.8%

The stock has a market cap of £1.31 billion, a PE ratio of 20.20, a PEG ratio of 2.05 and a beta of 1.15. The company’s fifty day moving average is GBX 625.41 and its 200-day moving average is GBX 697.91. The company has a debt-to-equity ratio of 49.06, a current ratio of 0.39 and a quick ratio of 0.90.

Safestore (LON:SAFEGet Free Report) last posted its quarterly earnings results on Thursday, June 11th. The company reported GBX 18.90 EPS for the quarter. The company had revenue of £120.60 million for the quarter. Safestore had a net margin of 26.93% and a return on equity of 2.86%. On average, analysts predict that Safestore Holdings Plc will post 42.6926692 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Frederic Vecchioli purchased 50,000 shares of Safestore stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average cost of GBX 603 per share, for a total transaction of £301,500. Corporate insiders own 7.90% of the company’s stock.

Safestore Company Profile

(Get Free Report)

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.

Further Reading

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