Big Yellow Group (LON:BYG) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Price action: Big Yellow shares crossed below their 200‑day moving average, last trading at GBX 852.50 versus the 200‑day MA of GBX 1,027.23 and hitting a low of GBX 850.50 on volume of 806,223.
• Mixed analyst picture: Five analysts rate the stock Buy and one rates it Sell with an average target of GBX 1,227.17, but Goldman Sachs recently downgraded to a Sell and cut its target to GBX 860 while Jefferies and Berenberg maintain higher targets.
• Fundamentals and insider activity: The company has a market cap of £1.75 billion and a P/E of 13.53, and insider Nicholas Vetch sold 54,731 shares at GBX 913 on March 19; insiders own 12.87% of the stock.

Shares of Big Yellow Group Plc (LON:BYG - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,027.23 and traded as low as GBX 850.50. Big Yellow Group shares last traded at GBX 852.50, with a volume of 806,223 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BYG shares. Berenberg Bank reissued a "buy" rating and issued a GBX 1,383 price objective on shares of Big Yellow Group in a report on Tuesday, January 20th. Jefferies Financial Group raised Big Yellow Group to a "buy" rating and raised their price target for the company from GBX 1,200 to GBX 1,225 in a report on Monday, January 26th. Finally, The Goldman Sachs Group lowered Big Yellow Group to a "sell" rating and lowered their price target for the company from GBX 1,140 to GBX 860 in a report on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Big Yellow Group presently has an average rating of "Moderate Buy" and an average price target of GBX 1,227.17.

Big Yellow Group Price Performance

The company has a market capitalization of £1.75 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 2.40 and a beta of 0.88. The company has a debt-to-equity ratio of 17.84, a current ratio of 0.26 and a quick ratio of 0.29. The business has a fifty day moving average price of GBX 967.61 and a 200 day moving average price of GBX 1,027.23.

Insider Activity at Big Yellow Group

In other news, insider Nicholas Vetch sold 54,731 shares of the firm's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of GBX 913, for a total transaction of £499,694.03. Company insiders own 12.87% of the company's stock.

About Big Yellow Group

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.

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