Safestore (LON:SAFE) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Safestore Holdings Plc (LON:SAFE) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 694.13 and traded as high as GBX 810. Safestore shares last traded at GBX 799, with a volume of 580,973 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted 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 given a Hold rating to the company. According to data from MarketBeat, the company has an average 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’s 50-day moving average price is GBX 731.59 and its two-hundred day moving average price is GBX 694.13. The stock has a market cap of £1.75 billion, a PE ratio of 5.93, a PEG ratio of 2.05 and a beta of 0.86.

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