Analyst Price Target is GBX 709.33
▲ +33.96% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Safestore in the last 3 months. The average price target is GBX 709.33, with a high forecast of GBX 788 and a low forecast of GBX 640. The average price target represents a 33.96% upside from the last price of GBX 529.50.
Current Consensus is
Moderate Buy
The current consensus among 3 polled investment analysts is to moderate buy stock in Safestore. This rating changed within the last month from a Buy consensus rating.
Safestore Holdings plc (LSE: SAFE) is the UK's largest self-storage group and a constituent of the FTSE-250 Index. Founded in 1998, Safestore provides flexible, affordable storage solutions to residential and business customers, operating as a Real Estate Investment Trust (REIT). The Group is headquartered in Borehamwood and listed on the Main Market of the London Stock Exchange.
Safestore is the UK's largest self-storage group with 215 stores across seven European countries, including over 140 stores in the UK – of which, 79 are in London and the South East, with further locations in Manchester, Birmingham, Glasgow, Edinburgh, Bristol, and Leeds. Beyond the UK, the Group operates in France under the Une Pièce en Plus brand, in Spain under OhMyBox!, in the Netherlands under MijnSafestore, in Belgium under MySafestore. Safestore also has 9 stores in Germany under a joint venture agreement with Carlyle and 12 stores in Italy under a joint venture agreement with Nuveen.
The Group targets a progressive dividend and long-term capital growth, underpinned by a consistent strategy of driving revenue per available foot across its like-for-like estate, disciplined cost management, and an active new store development pipeline.
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