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Safestore Holdings Plc 15.5% Potential Upside Indicated by HSBC

Safestore Holdings Plc using EPIC/TICKER code (LON:SAFE) had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Safestore Holdings Plc are listed in the Financials sector within UK Main Market. HSBC have set a target price of 670 GBX on its stock. This would imply the analyst believes there is now a potential upside of 15.5% from today’s opening price of 580 GBX. Over the last 30 and 90 trading days the company share price has increased 45 points and increased 25 points respectively. The 1 year high for the share price is 592.21 GBX while the year low stock price is currently 482.2 GBX.

Safestore Holdings Plc has a 50 day moving average of 546.85 GBX and a 200 Day Moving Average share price is recorded at 547.40. There are currently 210,011,217 shares in issue with the average daily volume traded being 404,629. Market capitalisation for LON:SAFE is £1,221,214,546 GBP.