Big Yellow Group (LON:BYG) Shares Up 15.4% - Here's What Happened

Key Points

• Big Yellow Group's shares experienced a significant increase of 15.4% during mid-day trading, reaching a high of GBX 1,178.
• Deutsche Bank upgraded Big Yellow Group's rating to "buy" and adjusted its target price from GBX 1,300 to GBX 1,200.
• The company's stock is currently rated as "Buy" with an average target price of GBX 1,200 according to MarketBeat.

Big Yellow Group Plc (LON:BYG - Get Free Report)'s stock price rose 15.4% during mid-day trading on Monday . The company traded as high as GBX 1,178 ($15.72) and last traded at GBX 1,114.09 ($14.86). Approximately 2,668,195 shares traded 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).

Analyst Upgrades and Downgrades

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

Big Yellow Group Price Performance

The company has a fifty day simple moving average of GBX 939.11 and a two-hundred day simple moving average of GBX 956.26. 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 company has a market cap of £2.18 billion, a price-to-earnings ratio of 1,083.74, 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.

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