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Equities researchers at Investec lifted their target price on shares of Safestore Holdings Plc (LON:SAFE) from GBX 236 ($3.92) to GBX 243 ($4.03) in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Investec’s price target suggests a potential upside of 12.50% from the company’s current price.

Safestore Holdings Plc (LON:SAFE) traded up 1.87% during mid-day trading on Wednesday, hitting GBX 218.00. The stock had a trading volume of 100,351 shares. Safestore Holdings Plc has a 52 week low of GBX 130.25 and a 52 week high of GBX 244.50. The stock has a 50-day moving average of GBX 213. and a 200-day moving average of GBX 218.. The company’s market cap is £450.8 million.

Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Safestore Holdings Plc in a research note on Monday. They now have a GBX 284 ($4.71) price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Safestore Holdings Plc has a consensus rating of “Buy” and an average price target of GBX 250.50 ($4.16).

Safestore Holdings plc (LON:SAFE) is a United-Kingdom based company engaged in providing individual, secure self-storage space and related services for business and personal customers in the United Kingdom and France.

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