Big Yellow Group (LON:BYG) Shares Up 17.5% - What's Next?

Key Points

• Big Yellow Group Plc's shares surged 17.5% during trading, reaching a high of GBX 1,178 ($15.72) after previously closing at GBX 965 ($12.87).
• Deutsche Bank upgraded the company to a "buy" rating and adjusted its price target to GBX 1,200, while the stock has an average rating of "Buy" based on MarketBeat data.
• The company boasts a market capitalization of £2.18 billion and has a very high PE ratio of 1,083.74, indicating a potentially overvalued stock in the market.

Big Yellow Group Plc (LON:BYG - Get Free Report) was up 17.5% during trading on Monday . The stock traded as high as GBX 1,178 ($15.72) and last traded at GBX 1,134 ($15.13). Approximately 55,179,402 shares traded hands during trading, an increase of 4,813% from the average daily volume of 1,123,120 shares. The stock had previously closed at GBX 965 ($12.87).

Analyst Ratings Changes

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

Big Yellow Group Stock Up 15.4%

The firm has a market cap of £2.18 billion, a PE ratio of 1,083.74, a PEG 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. The company's 50-day simple moving average is GBX 939.11 and its two-hundred day simple moving average is GBX 956.26.

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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