Big Yellow Group (LON:BYG) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Big Yellow Group Plc shares have crossed above their 200-day moving average, signaling a potential shift in market momentum.
• Deutsche Bank has upgraded Big Yellow Group's rating to "buy" but reduced the target price from GBX 1,300 to GBX 1,200.
• The company has a market capitalization of £1.84 billion with a price-to-earnings ratio of 915.37, highlighting a high valuation relative to its earnings.

Big Yellow Group Plc (LON:BYG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 950.57 ($12.81) and traded as high as GBX 951 ($12.81). Big Yellow Group shares last traded at GBX 941 ($12.68), with a volume of 885,658 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised shares of Big Yellow Group to a "buy" rating and cut their target price for the company from GBX 1,300 to GBX 1,200 in a research note on Friday, August 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 1,200.

Big Yellow Group Stock Performance

The firm's 50 day simple moving average is GBX 926.27 and its 200-day simple moving average is GBX 950.57. The company has a market capitalization of £1.84 billion, a price-to-earnings ratio of 915.37, a P/E/G ratio of 2.40 and a beta of 0.72. The company has a debt-to-equity ratio of 16.68, a quick ratio of 0.29 and a current ratio of 0.36.

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.

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