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

Safestore Holdings Plc (LON:SAFE) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 692.63 and traded as low as GBX 597. Safestore shares last traded at GBX 606.50, with a volume of 479,556 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SAFE shares. Peel Hunt reissued an “add” rating and issued a GBX 640 price target on shares of Safestore in a research note on Monday, July 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 828 price objective on shares of Safestore in a research report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 762.67.

Safestore Price Performance

The company has a debt-to-equity ratio of 49.06, a current ratio of 0.39 and a quick ratio of 0.90. The firm has a market capitalization of £1.32 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.05 and a beta of 1.15. The stock has a 50 day moving average price of GBX 617.67 and a two-hundred day moving average price of GBX 692.63.

Safestore (LON:SAFE) last posted its earnings results on Thursday, June 11th. The company reported GBX 18.90 earnings per share (EPS) for the quarter. Safestore had a return on equity of 2.86% and a net margin of 26.93%.The firm had revenue of £120.60 million for the quarter. As a group, analysts expect that Safestore Holdings Plc will post 42.6926692 EPS for the current year.

Insider Transactions at Safestore

In other Safestore news, insider Frederic Vecchioli purchased 50,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were bought at an average cost of GBX 603 per share, for a total transaction of £301,500. 7.90% of the stock is owned by company insiders.

Safestore Company Profile

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.