Canaccord Genuity Cuts Safestay (SSTY) Price Target to GBX 50

Safestay (LON:SSTY) had its price objective reduced by Canaccord Genuity from GBX 70 ($0.91) to GBX 50 ($0.65) in a research report released on Tuesday, February 5th. Canaccord Genuity currently has a buy rating on the stock.

Safestay stock remained flat at $GBX 38 ($0.50) during midday trading on Tuesday. 4,149 shares of the company traded hands, compared to its average volume of 11,233. Safestay has a twelve month low of GBX 44 ($0.57) and a twelve month high of GBX 55 ($0.72).

Safestay Company Profile

Safestay plc operates and develops traveller accommodation under the Safestay brand in the United Kingdom. It provides overnight hostel accommodation services and owns properties. The company serves families, school groups, young adults, backpackers, and business travelers. Safestay plc was incorporated in 2014 and is based in London, the United Kingdom.

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