HSBC started coverage on shares of Safestore (LON:SAFE) in a research report report published on Tuesday. The firm issued a buy rating and a GBX 670 ($8.75) price target on the stock.
A number of other research firms also recently issued reports on SAFE. Liberum Capital restated a buy rating on shares of Safestore in a research report on Friday, February 8th. Peel Hunt reaffirmed a hold rating on shares of Safestore in a report on Tuesday, January 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of GBX 630 ($8.23).
Get Safestore alerts:LON SAFE opened at GBX 575 ($7.51) on Tuesday. Safestore has a 1 year low of GBX 360 ($4.70) and a 1 year high of GBX 528 ($6.90).
The company also recently disclosed a dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Thursday, March 7th will be issued a GBX 11.15 ($0.15) dividend. This is a boost from Safestore’s previous dividend of $5.10. The ex-dividend date of this dividend is Thursday, March 7th. This represents a yield of 2.08%.
Safestore Company Profile
Safestore is UK's largest self storage group with 146 stores. Safestore has 119 self storage centres in the UK including two business centres and a further 27 stores in the Paris region. Safestore was founded in the UK in 1998. It acquired the French business ?Une Pièce en Plus? in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.
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