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An update from Safestay ( (GB:SSTY) ) is now available.
Safestay PLC has announced the sale and leaseback of its Brighton freehold property to a private investor for £3.125 million. This transaction is part of the company’s strategy to strengthen its balance sheet and support long-term growth by repaying debt and providing working capital. The sale aligns with previous asset sales and will enable Safestay to continue its £1.0 million investment in converting the property into a 170-bed hostel, set to open in summer 2026. The move is expected to create approximately 20 new jobs and contribute significantly to the local economy by attracting more visitors to Brighton.
The most recent analyst rating on (GB:SSTY) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Safestay stock, see the GB:SSTY Stock Forecast page.
Spark’s Take on GB:SSTY Stock
According to Spark, TipRanks’ AI Analyst, GB:SSTY is a Neutral.
The overall stock score is primarily impacted by the company’s strong revenue recovery and operational improvements, but is significantly weighed down by ongoing profitability challenges and high leverage. Technical indicators suggest a bearish trend, and valuation metrics are concerning due to negative earnings and lack of dividends.
To see Spark’s full report on GB:SSTY stock, click here.
More about Safestay
Safestay PLC is one of Europe’s largest hostel groups, operating in the fast-growing global hostel market. The company offers 21 premium hostels and one hotel in various destination cities across Europe, providing both private and shared rooms. Safestay aims to offer safe, inclusive, and enjoyable spaces for different types of travelers, including digital nomads, backpackers, families, and group travelers.
Average Trading Volume: 18,331
Technical Sentiment Signal: Sell
Current Market Cap: £12.01M
Learn more about SSTY stock on TipRanks’ Stock Analysis page.