Is it irrelevant, or will the Upgrade make the Safestore share price more attractive?

• Numis upgrades to Add with a target price of 605p.
• Consensus: 13 Buys, 8 Holds, 4 Sell; Avg target: 5606p (Source: Bloomberg).
• Current share price 660p (at time of writing).
• Will the shares turn back, or will they rally to fresh record highs of 700p?
• Shares -0.2% from 2019 highs; +33.3% from 2019 lows; +30.6 year-to date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Safestore – An Example

Let’s say you think that Safestore shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Safestore using a CFD, at the current price of 660p. To do this, you need £2,000.

For the purpose of this example, let’s assume the Safestore share price rises to a fresh record high of 700p (+6%). Your profit would be £600 from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Safestore shares fall 2% and hit your stop-loss. Your loss would be £200.

This is provided for information purposes only. It should not be taken as a recommendation.