Key Points
- Safestore CFO Simon Clinton bought 6,258 shares at GBX 556 each, investing approximately £34,794. The insider purchase may indicate confidence in the company’s valuation and prospects.
- Safestore shares opened at GBX 565, up 1.3%, but remained well below their 52-week high of GBX 849.50. The company reported quarterly EPS of GBX 18.90 and revenue of £120.60 million.
- Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and average target of GBX 709.33; however, Safestore’s reduced full-year EPS outlook presents a countervailing profitability concern.
Safestore Holdings Plc (LON:SAFE - Get Free Report) insider Simon Clinton bought 6,258 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were acquired at an average cost of GBX 556 per share, with a total value of £34,794.48.
Safestore Trading Up 1.3%
SAFE opened at GBX 565 on Friday. Safestore Holdings Plc has a fifty-two week low of GBX 551.50 and a fifty-two week high of GBX 849.50. The firm has a market capitalization of £1.23 billion, a PE ratio of 19.02, a P/E/G ratio of 2.05 and a beta of 1.14. 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 company's 50-day moving average is GBX 606.99 and its 200 day moving average is GBX 649.82.
Safestore (LON:SAFE - Get Free Report) last announced its earnings results on Thursday, June 11th. The company reported GBX 18.90 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%. As a group, research analysts predict that Safestore Holdings Plc will post 42.6926692 earnings per share for the current fiscal year.
Key Safestore News
Here are the key news stories impacting Safestore this week:
- Positive Sentiment: Chief Financial Officer Simon Clinton bought 6,258 Safestore shares at an average price of GBX 556, investing approximately £34,794. The purchase may signal management confidence in the company’s valuation and prospects. Safestore CFO Simon Clinton Buys Shares in London Market Transaction
- Positive Sentiment: Jefferies reaffirmed its “buy” rating and set a GBX 788 price target, implying substantial upside from recent trading levels. The recommendation supports the view that the stock may be undervalued despite recent weakness. Jefferies Reaffirms Safestore Buy Rating
- Positive Sentiment: Safestore reported third-quarter revenue growth, indicating continued demand for its self-storage services and providing operational support for the investment case. Safestore Reports Q3 Revenue Growth and Updates Full-Year Earnings Outlook
- Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating but raised or maintained a GBX 700 price target. The target remains above the recent share price, but the unchanged rating suggests limited conviction about near-term outperformance.
- Negative Sentiment: Safestore trimmed its full-year EPS outlook despite third-quarter revenue growth. The downgrade raises concerns about profitability, costs, or operating leverage and partially offsets the positive revenue trend. Safestore Trims Full-Year EPS Outlook Despite Q3 Revenue Growth
Analyst Ratings Changes
A number of analysts recently commented on the company. Peel Hunt reiterated an "add" rating and set a GBX 640 price target on shares of Safestore in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 700 target price on shares of Safestore in a research report on Friday. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 788 target price on shares of Safestore in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Safestore currently has a consensus rating of "Moderate Buy" and an average price target of GBX 709.33.
View Our Latest Research Report on Safestore
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.
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