Big Yellow Group (LON:BYG) Trading Up 15.4% – Still a Buy?

Big Yellow Group Plc (LON:BYG)’s stock price was up 15.4% on Tuesday . The stock traded as high as GBX 1,178 ($15.71) and last traded at GBX 1,114.09 ($14.86). Approximately 2,668,195 shares changed hands during trading, an increase of 211% from the average daily volume of 857,912 shares. The stock had previously closed at GBX 965 ($12.87).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised Big Yellow Group to a “buy” rating and dropped their target price for the stock from GBX 1,300 to GBX 1,200 in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,200.

Big Yellow Group Trading Up 0.2%

The company has a fifty day simple moving average of GBX 942.75 and a two-hundred day simple moving average of GBX 957.49. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 16.68. The stock has a market capitalization of £2.19 billion, a P/E ratio of 1,085.60, a price-to-earnings-growth ratio of 2.40 and a beta of 0.72.

Big Yellow Group Company Profile

Big Yellow is the UK’s brand leader in self storage.
Our diverse customer base, strong brand and location of our 109 stores helps us deliver a resilient performance.
We are committed to innovation in customer engagement, harnessing technology and investing in the development of our store teams. This dedication puts exceptional customer service at the heart of what we do, whilst ensuring we continue to operate a sustainable business.