Safestore Holdings plc (SAFE) Receives Average Recommendation of “Buy” from Brokerages
Safestore Holdings plc (LON:SAFE) has been assigned an average rating of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 469.60 ($6.32).
SAFE has been the subject of a number of analyst reports. Liberum Capital reissued a “buy” rating and set a GBX 500 ($6.73) target price on shares of Safestore in a research report on Thursday, November 16th. Numis Securities restated an “add” rating and set a GBX 508 ($6.84) price target on shares of Safestore in a research note on Thursday, September 14th. Peel Hunt restated a “hold” rating on shares of Safestore in a research note on Thursday, November 16th. Finally, Berenberg Bank upped their price target on shares of Safestore from GBX 415 ($5.59) to GBX 465 ($6.26) and gave the company a “buy” rating in a research note on Friday, September 29th.
Safestore (LON SAFE) traded up GBX 16.26 ($0.22) during trading hours on Friday, reaching GBX 476.40 ($6.41). 760,246 shares of the company were exchanged, compared to its average volume of 383,573. Safestore has a 12 month low of GBX 324.20 ($4.36) and a 12 month high of GBX 479.50 ($6.45).
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Safestore Company Profile
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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