Safestay (SSTY) Rating Reiterated by Canaccord Genuity

Safestay (LON:SSTY)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a report released on Wednesday. They currently have a GBX 70 ($0.91) price target on the stock. Canaccord Genuity’s target price points to a potential upside of 80.06% from the stock’s previous close.

Separately, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a GBX 70 ($0.91) target price on shares of Safestay in a research note on Tuesday, September 25th.

LON SSTY traded up GBX 0.38 ($0.00) during trading hours on Wednesday, hitting GBX 38.88 ($0.51). 12,929 shares of the company’s stock were exchanged, compared to its average volume of 11,233. Safestay has a 1-year low of GBX 44 ($0.57) and a 1-year high of GBX 55 ($0.72).

About Safestay

Safestay plc operates and develops tourist hostels under the Safestay brand in the United Kingdom. It provides overnight hostel accommodation services; and owns properties. The company serves families, school groups, young adults, backpackers, and savvy business travelers. Safestay Plc was incorporated in 2014 and is based in London, the United Kingdom.

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