Key Points
- Insider sale: Safestore insider Frederic Vecchioli sold 15,251 shares at an average price of GBX 584, totaling approximately £89,066. He had bought 50,000 shares in June at GBX 603 each.
- Stock and financials: Safestore shares opened at GBX 600.50, with a £1.31 billion market capitalization and a P/E ratio of 20.22. The company reported quarterly revenue of £120.60 million and EPS of GBX 18.90.
- Analyst outlook: Analysts maintain a consensus “Buy” rating with an average target price of GBX 734; Jefferies set a GBX 828 target, while Peel Hunt set a GBX 640 target.
Safestore Holdings Plc (LON:SAFE - Get Free Report) insider Frederic Vecchioli sold 15,251 shares of Safestore stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of GBX 584, for a total value of £89,065.84.
Frederic Vecchioli also recently made the following trade(s):
- On Wednesday, June 24th, Frederic Vecchioli bought 50,000 shares of Safestore stock. The stock was purchased at an average cost of GBX 603 per share, with a total value of £301,500.
Safestore Stock Up 0.7%
SAFE opened at GBX 600.50 on Friday. Safestore Holdings Plc has a fifty-two week low of GBX 554.50 and a fifty-two week high of GBX 849.50. 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's fifty day moving average price is GBX 611.07 and its two-hundred day moving average price is GBX 665.51. The company has a market capitalization of £1.31 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.05 and a beta of 1.14.
Safestore (LON:SAFE - Get Free Report) last announced its quarterly earnings data on Thursday, June 11th. The company reported GBX 18.90 earnings per share (EPS) for the quarter. The company had revenue of £120.60 million during the quarter. Safestore had a net margin of 26.93% and a return on equity of 2.86%. On average, analysts anticipate that Safestore Holdings Plc will post 42.6926692 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on SAFE. Jefferies Financial Group reiterated a "buy" rating and set a GBX 828 price objective on shares of Safestore in a research note on Thursday, June 11th. Peel Hunt restated an "add" rating and issued a GBX 640 target price on shares of Safestore in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 734.
Get Our Latest Stock Report on Safestore
About Safestore
(
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.
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