Safestore (LON:SAFE) had its price objective lifted by Berenberg Bank from GBX 550 ($7.32) to GBX 610 ($8.12) in a report released on Tuesday morning. They currently have a buy rating on the stock.
Other analysts also recently issued research reports about the stock. Citigroup boosted their price objective on shares of Safestore from GBX 550 ($7.32) to GBX 650 ($8.65) and gave the stock a buy rating in a research report on Friday, June 15th. Numis Securities downgraded shares of Safestore to a hold rating in a research report on Thursday, June 14th. Liberum Capital restated a buy rating and set a GBX 560 ($7.46) price objective on shares of Safestore in a research report on Thursday, February 22nd. Finally, Peel Hunt restated a hold rating on shares of Safestore in a research report on Thursday, April 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 550.83 ($7.33).
Shares of LON:SAFE opened at GBX 535 ($7.12) on Tuesday. Safestore has a twelve month low of GBX 360 ($4.79) and a twelve month high of GBX 528 ($7.03).
The firm also recently announced a dividend, which will be paid on Friday, August 17th. Stockholders of record on Thursday, July 12th will be issued a GBX 5.10 ($0.07) dividend. The ex-dividend date is Thursday, July 12th. This represents a dividend yield of 0.88%.
Safestore is the UK's largest self-storage group with 146 stores, comprising 120 wholly owned stores in the UK (including 67 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol) and 26 wholly owned stores in the Paris region.
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