Safestore Holdings Plc (SAFE) Receives GBX 533.60 Average Target Price from Analysts

Shares of Safestore Holdings Plc (LON:SAFE) have been assigned an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 533.60 ($7.49).

A number of brokerages have recently commented on SAFE. Numis Securities reaffirmed an “add” rating and issued a GBX 543 ($7.63) target price on shares of Safestore in a report on Thursday, January 11th. Peel Hunt reaffirmed a “hold” rating on shares of Safestore in a report on Thursday, November 16th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 500 ($7.02) target price on shares of Safestore in a report on Thursday, November 16th. Berenberg Bank lifted their target price on shares of Safestore from GBX 465 ($6.53) to GBX 550 ($7.72) and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 515 ($7.23) target price on shares of Safestore in a report on Thursday, January 18th.

Shares of Safestore (LON SAFE) traded down GBX 13.30 ($0.19) during trading hours on Friday, hitting GBX 491.20 ($6.90). 290,731 shares of the stock traded hands, compared to its average volume of 264,981. The stock has a market cap of $1,040.00 and a P/E ratio of 1,327.57. Safestore has a twelve month low of GBX 360 ($5.06) and a twelve month high of GBX 510 ($7.16).

The company also recently disclosed a dividend, which will be paid on Friday, April 6th. Shareholders of record on Thursday, March 8th will be paid a GBX 9.80 ($0.14) dividend. This is a boost from Safestore’s previous dividend of $4.20. This represents a yield of 2.02%. The ex-dividend date of this dividend is Thursday, March 8th.

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Safestore Company Profile

Safestore Holdings plc is a United Kingdom-based real estate investment trust. The Company and its subsidiaries provide self-storage facilities to customers throughout the United Kingdom and Paris. The Company’s geographical segments include the United Kingdom and France. The Company’s portfolio includes London and South East, Rest of United Kingdom and Paris.

Analyst Recommendations for Safestore (LON:SAFE)

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