Canaccord Genuity Reiterates Buy Rating for Safestay PLC (SSTY)

Safestay PLC (LON:SSTY)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity in a note issued to investors on Thursday. They currently have a GBX 65 ($0.85) target price on the stock. Canaccord Genuity’s target price suggests a potential upside of 52.94% from the company’s previous close.

Shares of Safestay PLC (LON:SSTY) opened at 42.00 on Thursday. The company’s market cap is GBX 14.37 million. The stock’s 50 day moving average is GBX 49.51 and its 200 day moving average is GBX 53.51. Safestay PLC has a 1-year low of GBX 40.00 and a 1-year high of GBX 70.00.

About Safestay PLC

Safestay plc is a United Kingdom-based owner and operator of a hostel group. The principal activity of the Company consists of the operation of backpacker tourist hostels under the Safestay brand. The Company’s properties include Safestay Elephant & Castle, and Safestay York. Safestay Elephant & Castle, located in John Smith House, has a range of accommodation options, including single, twin, double and family bunk rooms with their own tea or coffee-making facilities and 40-inch televisions, and four, six and eight-bunk bedded dorms with en-suite facilities.

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