Safestay PLC 66.0% potential upside indicated by Liberum Capital

Safestay PLC with ticker (LON:SSTY) now has a potential upside of 66.0% according to Liberum Capital.



Liberum Capital set a target price of 40 GBX for the company, which when compared to the Safestay PLC share price of 24 GBX at opening today (29/09/2023) indicates a potential upside of 66.0%. Trading has ranged between 13 (52 week low) and 31 (52 week high) with an average of 39,409 shares exchanging hands daily. The market capitalisation at the time of writing is £16,816,540.

Safestay plc is a United Kingdom-based owner and operator of an international brand of contemporary hostels. The principal activity of the Company comprises the operation and development of traveler accommodation under the Safestay brand in properties that are either owned or occupied on leasehold. The Company offers dorm rooms and food, and drinks packages. It provides large open spaces, designed for groups to meet, and relax. It caters for groups, including high school, sports teams and societies, stag and hen parties, university and colleges, primary school, and leisure. It offers a range of stag and hen accommodation options that allow its customers to stay in one room as a group. It provides a variety of sizes of dormitories available or the option of private rooms with en-suites. It operates about 16 hostels with approximately 3,242 beds across 11 European and three United Kingdom cities. Its subsidiaries include Safestay France SAS, Safestay Hostels Madrid SL, and others.