Simon Clinton Acquires 4,656 Shares of Safestore (LON:SAFE) Stock

Safestore Holdings Plc (LON:SAFE) insider Simon Clinton bought 4,656 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were purchased at an average price of GBX 644 per share, with a total value of £29,984.64.

Safestore Stock Performance

LON SAFE opened at GBX 648 on Thursday. The company has a debt-to-equity ratio of 41.53, a current ratio of 0.89 and a quick ratio of 0.90. Safestore Holdings Plc has a 1 year low of GBX 525.50 and a 1 year high of GBX 914. The company has a market capitalization of £1.42 billion, a PE ratio of 481.07, a P/E/G ratio of 2.05 and a beta of 0.86. The company has a fifty day moving average of GBX 650.22 and a two-hundred day moving average of GBX 637.36.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised shares of Safestore to a “buy” rating and increased their price target for the stock from GBX 770 to GBX 820 in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 820.

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.