Big Yellow Group (LON:BYG) had its price objective boosted by investment analysts at Goldman Sachs Group from GBX 972 ($12.70) to GBX 1,037 ($13.55) in a note issued to investors on Tuesday, June 4th, ThisIsMoney.Co.Uk reports. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective indicates a potential upside of 3.80% from the stock’s current price.
Several other brokerages also recently issued reports on BYG. HSBC started coverage on shares of Big Yellow Group in a research report on Tuesday, February 12th. They issued a “buy” rating and a GBX 1,060 ($13.85) price objective for the company. Peel Hunt reaffirmed a “hold” rating on shares of Big Yellow Group in a research report on Tuesday, February 19th. Liberum Capital reaffirmed a “hold” rating on shares of Big Yellow Group in a research report on Tuesday, March 12th. Morgan Stanley increased their price objective on shares of Big Yellow Group from GBX 950 ($12.41) to GBX 1,025 ($13.39) and gave the company an “equal weight” rating in a research report on Thursday, March 14th. Finally, Numis Securities reaffirmed a “hold” rating and issued a GBX 1,042 ($13.62) price objective on shares of Big Yellow Group in a research report on Wednesday, May 22nd. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Big Yellow Group presently has a consensus rating of “Hold” and an average target price of GBX 1,019.88 ($13.33).
BYG traded down GBX 6 ($0.08) on Tuesday, reaching GBX 999 ($13.05). 106,719 shares of the company’s stock were exchanged, compared to its average volume of 265,567. The company’s 50 day simple moving average is GBX 1,027.92. The company has a market capitalization of $1.66 billion and a P/E ratio of 12.81. Big Yellow Group has a twelve month low of GBX 834 ($10.90) and a twelve month high of GBX 1,077 ($14.07). The company has a current ratio of 0.84, a quick ratio of 0.52 and a debt-to-equity ratio of 31.56.
In related news, insider Richard Cotton sold 3,763 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of GBX 1,024 ($13.38), for a total transaction of £38,533.12 ($50,350.35).
Big Yellow Group Company Profile
Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 97 stores, including 22 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further eleven Big Yellow self storage development sites (including two extension sites), of which two have planning consent.
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