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

Shares of Safestore Holdings Plc (LON:SAFE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 669.42 and traded as high as GBX 697. Safestore shares last traded at GBX 697, with a volume of 913,956 shares.

Wall Street Analyst Weigh In

SAFE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Safestore to a “buy” rating and upped their price target for the company from GBX 770 to GBX 820 in a report on Friday, August 1st. Jefferies Financial Group boosted their target price on Safestore from GBX 648 to GBX 682 and gave the company a “hold” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 751.

Safestore Price Performance

The company has a current ratio of 0.89, a quick ratio of 0.90 and a debt-to-equity ratio of 41.53. The firm has a 50-day simple moving average of GBX 696.28 and a 200-day simple moving average of GBX 669.42. The firm has a market cap of £1.52 billion, a P/E ratio of 5.17, a PEG ratio of 2.05 and a beta of 0.86.

Insiders Place Their Bets

In other news, insider Simon Clinton acquired 4,656 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were bought at an average price of GBX 644 per share, for a total transaction of £29,984.64. Insiders own 7.87% of the company’s stock.

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.