Safestore Holdings Plc’s (SAFE) Buy Rating Reaffirmed at Liberum Capital

Safestore Holdings Plc (LON:SAFE)‘s stock had its “buy” rating reissued by equities researchers at Liberum Capital in a research note issued on Monday. They currently have a GBX 475 ($5.92) target price on the stock. Liberum Capital’s price objective suggests a potential upside of 25.50% from the company’s current price.

Several other research firms have also recently weighed in on SAFE. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 415 ($5.17) price target on shares of Safestore Holdings Plc in a report on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a GBX 361 ($4.50) target price on shares of Safestore Holdings Plc in a research note on Thursday, October 27th. Peel Hunt reissued a “hold” rating and issued a GBX 370 ($4.61) target price on shares of Safestore Holdings Plc in a research note on Monday, January 9th. Finally, Numis Securities Ltd reissued an “under review” rating on shares of Safestore Holdings Plc in a research note on Monday, January 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Safestore Holdings Plc currently has an average rating of “Buy” and a consensus target price of GBX 423 ($5.27).

Analyst Recommendations for Safestore Holdings Plc (LON:SAFE)

Safestore Holdings Plc (LON:SAFE) opened at 380.00 on Monday. The firm’s 50-day moving average is GBX 358.48 and its 200 day moving average is GBX 361.99. The stock’s market capitalization is GBX 792.89 million. Safestore Holdings Plc has a 12-month low of GBX 311.90 and a 12-month high of GBX 415.20.

The firm also recently declared a dividend, which will be paid on Friday, April 7th. Shareholders of record on Thursday, March 9th will be given a dividend of GBX 8.05 ($0.10) per share. This represents a yield of 2.31%. This is a positive change from Safestore Holdings Plc’s previous dividend of $3.60. The ex-dividend date of this dividend is Thursday, March 9th.

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In other Safestore Holdings Plc news, insider William (Bill) Oliver purchased 5,000 shares of the business’s stock in a transaction on Friday, January 13th. The stock was acquired at an average cost of GBX 341 ($4.25) per share, for a total transaction of £17,050 ($21,238.17).

About Safestore Holdings Plc

Safestore Holdings plc is a United Kingdom-based self-storage company. The Company is engaged in providing self-storage spaces and the sale of ancillary products, such as insurance and merchandise. The Company operates in two geographical segments: the United Kingdom and France. It operates approximately 90 stores in the United Kingdom, over 60 of which are in London and the South East, and approximately 20 stores in Paris.

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