Safestay (SSTY) Receives “Buy” Rating from Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of Safestay (LON:SSTY) in a research report sent to investors on Friday. They currently have a GBX 70 ($0.91) price target on the stock.

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

SSTY stock remained flat at $GBX 38.50 ($0.50) during trading on Friday. 16,500 shares of the company’s stock were exchanged, compared to its average volume of 11,233. Safestay has a one year low of GBX 44 ($0.57) and a one year high of GBX 55 ($0.72).

Safestay Company Profile

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.

Further Reading: Short Selling Stocks, A Beginner’s Guide

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