Safestore (OTCMKTS:SFSHF) Lowered to “Hold” at Zacks Investment Research

Safestore (OTCMKTS:SFSHFGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Safestore Holdings plc is a real estate investment trust. The company provides self-storage facilities for personal and business customers primarily in the United Kingdom and France. Safestore Holdings plc is headquartered in Borehamwood, the United Kingdom. “

Other research analysts have also recently issued research reports about the stock. HSBC cut shares of Safestore from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th. Berenberg Bank upped their price target on Safestore from GBX 970 ($12.62) to GBX 1,280 ($16.65) in a report on Wednesday, March 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $650.00.

OTCMKTS:SFSHF opened at $15.78 on Wednesday. The company has a 50 day moving average price of $16.52 and a 200-day moving average price of $16.96. Safestore has a 1-year low of $10.52 and a 1-year high of $19.10.

Safestore Company Profile (Get Rating)

Safestore is the UK's largest self-storage group with 163 stores, comprising 125 wholly owned stores in the UK (including over 70 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol), 28 wholly owned stores in the Paris region, 6 stores in the Netherlands and 4 stores within Barcelona, Spain.

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