Safestore (LON:SAFE) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Safestore Holdings Plc (LON:SAFE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 699.89 and traded as high as GBX 828.50. Safestore shares last traded at GBX 826.11, with a volume of 286,488 shares changing hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised their price objective on shares of Safestore from GBX 648 to GBX 682 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 751.

Safestore Trading Up 0.3%

The business has a 50 day simple moving average of GBX 744.98 and a two-hundred day simple moving average of GBX 699.89. 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 company has a market cap of £1.80 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

Safestore (LON:SAFE) last announced its quarterly earnings data on Thursday, January 15th. The company reported GBX 40.10 EPS for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. On average, analysts forecast that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

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. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.