Safestore (OTCMKTS:SFSHF) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Safestore (OTCMKTS:SFSHF) from a buy rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Safestore Holdings plc is a real estate investment trust. The company provides self-storage facilities for personal and business customers primarily in the United Kingdom and France. Safestore Holdings plc is headquartered in Borehamwood, the United Kingdom. “

Separately, Citigroup reaffirmed a buy rating on shares of Safestore in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $18.00.

OTCMKTS:SFSHF opened at $16.49 on Tuesday. The company has a 50 day moving average price of $15.18 and a 200 day moving average price of $13.03. Safestore has a fifty-two week low of $9.77 and a fifty-two week high of $16.49.

About Safestore

Safestore Holdings plc is a self-storage company. It provides self-storage solutions and the sale of ancillary products, such as insurance and merchandise in both the UK and France. The company was founded by Frederic Vecchioli in 1998 and is headquartered in Borehamwood, the United Kingdom.

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