Safestore Holdings Plc (LON:SAFE) Receives Consensus Recommendation of “Buy” from Brokerages
Safestore Holdings Plc (LON:SAFE) has earned an average recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 433 ($5.61).
Several brokerages have recently commented on SAFE. Liberum Capital reaffirmed a “buy” rating and set a GBX 475 ($6.15) price target on shares of Safestore Holdings Plc in a research report on Monday, March 13th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 476 ($6.17) price objective on shares of Safestore Holdings Plc in a research note on Friday, May 19th. Jefferies Group LLC increased their price objective on shares of Safestore Holdings Plc from GBX 361 ($4.68) to GBX 375 ($4.86) and gave the stock a “hold” rating in a research note on Wednesday, April 26th. Peel Hunt restated a “hold” rating and issued a GBX 400 ($5.18) price target on shares of Safestore Holdings Plc in a research note on Thursday, June 15th. Finally, Citigroup Inc. restated a “buy” rating and issued a GBX 500 ($6.48) price target on shares of Safestore Holdings Plc in a research note on Friday, June 16th.
Shares of Safestore Holdings Plc (LON SAFE) traded down 2.06% during mid-day trading on Tuesday, reaching GBX 414.10. The company’s stock had a trading volume of 245,585 shares. The firm’s market capitalization is GBX 866.67 million. Safestore Holdings Plc has a 52 week low of GBX 320.60 and a 52 week high of GBX 456.80. The firm has a 50-day moving average of GBX 433.13 and a 200-day moving average of GBX 389.52.
The firm also recently announced a dividend, which will be paid on Friday, August 18th. Investors of record on Thursday, July 13th will be issued a dividend of GBX 4.20 ($0.05) per share. This represents a yield of 0.98%. The ex-dividend date of this dividend is Thursday, July 13th.
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About Safestore Holdings Plc
Safestore Holdings plc is a United Kingdom-based real estate investment trust. The Company and its subsidiaries provide self-storage facilities to customers throughout the United Kingdom and Paris. The Company’s geographical segments include the United Kingdom and France. The Company’s portfolio includes London and South East, Rest of United Kingdom and Paris.
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