Safestore (SAFE) Price Target Raised to GBX 560

Safestore (LON:SAFE) had its price objective increased by Liberum Capital from GBX 500 ($7.02) to GBX 560 ($7.86) in a report issued on Monday, January 8th. They currently have a buy rating on the stock.

Several other analysts have also recently commented on the stock. Peel Hunt reiterated a hold rating on shares of Safestore in a research note on Thursday, November 16th. Numis Securities reiterated an add rating and issued a GBX 508 ($7.13) price target on shares of Safestore in a research note on Thursday, September 14th. Finally, Berenberg Bank boosted their price target on shares of Safestore from GBX 415 ($5.83) to GBX 465 ($6.53) and gave the stock a buy rating in a research note on Friday, September 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Safestore presently has a consensus rating of Buy and a consensus target price of GBX 511.33 ($7.18).

Shares of Safestore (LON SAFE) opened at GBX 508.74 ($7.14) on Monday. The company has a market cap of $1,060.00 and a price-to-earnings ratio of 1,374.97. Safestore has a one year low of GBX 360 ($5.06) and a one year high of GBX 509 ($7.15).

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

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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.

Analyst Recommendations for Safestore (LON:SAFE)

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