Safestore (SAFE) Reaches New 52-Week High at $499.40

Safestore Holdings Plc (LON:SAFE) reached a new 52-week high on Monday . The company traded as high as GBX 499.40 ($6.72) and last traded at GBX 495 ($6.66), with a volume of 240259 shares changing hands. The stock had previously closed at GBX 495 ($6.66).

A number of equities research analysts recently weighed in on SAFE shares. Peel Hunt restated a “hold” rating on shares of Safestore in a research note on Thursday, November 16th. Liberum Capital restated a “buy” rating and issued a GBX 480 ($6.46) price target on shares of Safestore in a research note on Thursday, September 14th. Berenberg Bank increased their price target on Safestore from GBX 415 ($5.59) to GBX 465 ($6.26) and gave the company a “buy” rating in a research note on Friday, September 29th. Finally, Numis Securities restated an “add” rating and issued a GBX 508 ($6.84) price target on shares of Safestore in a research note on Thursday, September 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Safestore currently has an average rating of “Buy” and an average target price of GBX 458 ($6.16).

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About Safestore

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.

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