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

Safestore Holdings Plc (LON:SAFE)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 711.23 and traded as high as GBX 798. Safestore shares last traded at GBX 795, with a volume of 5,910,796 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised their target price on Safestore from GBX 648 to GBX 682 and gave the company a “hold” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 751.

Safestore Price Performance

The company has a debt-to-equity ratio of 41.53, a current ratio of 0.89 and a quick ratio of 0.90. The company has a market capitalization of £1.74 billion, a P/E ratio of 15.71, a PEG ratio of 2.05 and a beta of 0.86. The stock’s fifty day simple moving average is GBX 766.60 and its 200-day simple moving average is GBX 711.23.

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

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