Brokerages Set Big Yellow Group plc (LON:BYG) PT at $781.00
Shares of Big Yellow Group plc (LON:BYG) have received an average recommendation of “Hold” from the twelve analysts that are covering the firm. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 781 ($10.19).
BYG has been the subject of several analyst reports. Morgan Stanley cut Big Yellow Group plc to a ” equal-weight” rating in a report on Monday, June 27th. Numis Securities Ltd raised Big Yellow Group plc to an “add” rating and reduced their price target for the stock from GBX 905 ($11.81) to GBX 808 ($10.55) in a report on Tuesday, August 2nd. Jefferies Group reduced their price target on Big Yellow Group plc from GBX 825 ($10.77) to GBX 776 ($10.13) and set a “hold” rating for the company in a report on Friday, August 19th. Berenberg Bank upped their price target on Big Yellow Group plc from GBX 700 ($9.14) to GBX 820 ($10.70) and gave the stock a “hold” rating in a report on Friday, June 10th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 785 ($10.25) price target on shares of Big Yellow Group plc in a report on Monday, July 4th.
Shares of Big Yellow Group plc (LON:BYG) opened at 780.50 on Monday. The stock’s market cap is GBX 1.22 billion. Big Yellow Group plc has a 12 month low of GBX 662.00 and a 12 month high of GBX 893.50. The firm has a 50-day moving average price of GBX 748.25 and a 200-day moving average price of GBX 776.39.
In related news, insider Tim Clark purchased 1,963 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was acquired at an average cost of GBX 776 ($10.13) per share, for a total transaction of £15,232.88 ($19,883.67). Also, insider Gibson,James sold 66,098 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of GBX 767 ($10.01), for a total value of £506,971.66 ($661,756.51).
About Big Yellow Group plc
Big Yellow Group PLC (Big Yellow) is a United Kingdom-based company engaged in the provision of self- storage and related services. Big Yellow operates from a platform of approximately 84 stores. The Company has a portfolio of approximately 73 Big Yellow stores and site, of which approximately 70 are open.
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