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Home / Momentum / Safestore Holdings (SAFE.L) 01-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Safestore Holdings (SAFE.L) 01-11-19

Will Safestore Holdings (SAFE.L) continue this relentless rise, setting new highs?

 

  • Currently trading at 696.5p (at time of writing), performance has been exceptional of late.
  • Will it hit resistance, or is the trend your friend?
  • Is this one for momentum traders?
  • The price has been moving upwards, however, past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of breaking news and events. This can influence price trends. Check our website and news outlets for updates.
  • Shares -1% from 12-month highs; +37% from 12 month lows.

Latest News

12 Sep:  Liberum Capital reiterates its buy rating on Safestore Holdings (SAFE) and increased the target price to 710p (from 650p).

04 Sep:  Frederic Vecchioli, CEO, exercised 18,475 shares in the firm on the 3rd September 2019 at a price of 164p. This Director currently has 1,916,227 shares.

04 Sep:  Andy Jones, Financial Director, exercised 18,475 shares in the firm on the 3rd September 2019 at a price of 164p. This Director currently has 419,511 shares.

19 Aug:  Safestore, the storage company,  stated it had entered into a joint venture with Carlyle European Real Estate Fund for the acquisition of M3 Self Storage.  Safestore would obtain a 20% equity stake in the company.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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