Safestore (LON:SAFE) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Safestore Holdings Plc (LON:SAFE) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 702.28 and traded as low as GBX 593.50. Safestore shares last traded at GBX 614, with a volume of 541,446 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 828 price target on shares of Safestore in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 824.

Safestore Stock Performance

The company has a debt-to-equity ratio of 49.06, a quick ratio of 0.90 and a current ratio of 0.39. The company has a market cap of £1.34 billion, a P/E ratio of 12.13, a P/E/G ratio of 2.05 and a beta of 1.14. The firm has a 50 day moving average price of GBX 636.73 and a 200-day moving average price of GBX 702.28.

Safestore (LON:SAFE) last issued its quarterly earnings data on Thursday, June 11th. The company reported GBX 18.90 earnings per share for the quarter. Safestore had a return on equity of 2.86% and a net margin of 26.93%.The business had revenue of £120.60 million for the quarter. On average, research analysts predict that Safestore Holdings Plc will post 42.6926692 EPS for the current year.

Insider Buying and Selling

In related news, insider Frederic Vecchioli purchased 50,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were bought at an average price of GBX 603 per share, for a total transaction of £301,500. 7.88% of the stock is currently owned by company insiders.

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.