Big Yellow Group (LON:BYG) Posts Quarterly Earnings Results

Big Yellow Group (LON:BYG) posted its quarterly earnings results on Monday. The company reported GBX 63.80 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of £209.08 million for the quarter. Big Yellow Group had a return on equity of 5.06% and a net margin of 63.14%.

Big Yellow Group Stock Performance

Shares of BYG opened at GBX 828 on Tuesday. The business’s fifty day simple moving average is GBX 891.11 and its two-hundred day simple moving average is GBX 996.97. The company has a current ratio of 0.26, a quick ratio of 0.29 and a debt-to-equity ratio of 17.84. Big Yellow Group has a 12 month low of GBX 820.50 and a 12 month high of GBX 1,208. The company has a market cap of £1.62 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 2.40 and a beta of 0.96.

Analyst Ratings Changes

Several research firms recently weighed in on BYG. Jefferies Financial Group upgraded Big Yellow Group to a “buy” rating and upped their price target for the stock from GBX 1,200 to GBX 1,225 in a research note on Monday, January 26th. Berenberg Bank restated a “buy” rating and issued a GBX 1,383 price target on shares of Big Yellow Group in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group downgraded Big Yellow Group to a “sell” rating and cut their price target for the stock from GBX 1,140 to GBX 860 in a research note on Monday, March 30th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,227.17.

Insider Buying and Selling

In other Big Yellow Group news, insider Nicholas Vetch bought 32,915 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average cost of GBX 846 per share, for a total transaction of £278,460.90. Corporate insiders own 12.87% of the company’s stock.

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.