Safestore (LON:SAFE) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Safestore Holdings Plc (LON:SAFE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 694.13 and traded as high as GBX 810. Safestore shares last traded at GBX 799, with a volume of 580,973 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their target price on shares of Safestore from GBX 648 to GBX 682 and gave the stock a “hold” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 751.

Safestore Stock Performance

The company has a debt-to-equity ratio of 41.53, a quick ratio of 0.90 and a current ratio of 0.89. The stock has a market cap of £1.75 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The firm has a fifty day moving average price of GBX 731.59 and a 200 day moving average price of GBX 694.13.

Safestore (LON:SAFE) last announced its earnings results on Thursday, January 15th. The company reported GBX 40.10 earnings per share (EPS) for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. Research analysts forecast that Safestore Holdings Plc will post 42.6926692 earnings per share for the current fiscal year.

About Safestore

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.