Safestore (LON:SAFE) Stock Passes Below Two Hundred Day Moving Average of $966.16

Safestore Holdings plc (LON:SAFE – Get Rating)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 966.16 ($12.10) and traded as low as GBX 927.50 ($11.62). Safestore shares last traded at GBX 951.50 ($11.92), with a volume of 239,725 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SAFE shares. Peel Hunt reiterated a “buy” rating and set a GBX 1,065 ($13.34) price objective on shares of Safestore in a report on Tuesday, February 21st. Barclays lifted their price objective on shares of Safestore from GBX 1,000 ($12.53) to GBX 1,100 ($13.78) and gave the stock an “overweight” rating in a report on Thursday, February 9th.

Safestore Trading Up 2.3 %

The company has a quick ratio of 0.90, a current ratio of 0.30 and a debt-to-equity ratio of 40.10. The firm’s 50-day simple moving average is GBX 957.86 and its 200 day simple moving average is GBX 966.16. The stock has a market capitalization of £2.07 billion, a P/E ratio of 453.10, a PEG ratio of 2.05 and a beta of 0.69.

Insider Buying and Selling

In related news, insider Ian Krieger purchased 2,022 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The shares were purchased at an average price of GBX 989 ($12.39) per share, with a total value of £19,997.58 ($25,050.21). In related news, insider Frederic Vecchioli sold 63,679 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of GBX 899 ($11.26), for a total value of £572,474.21 ($717,116.64). Also, insider Ian Krieger bought 2,022 shares of Safestore stock in a transaction that occurred on Thursday, March 2nd. The stock was bought at an average price of GBX 989 ($12.39) per share, with a total value of £19,997.58 ($25,050.21). 3.06% of the stock is currently owned by company insiders.

About Safestore

(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.