Big Yellow Group (LON:BYG) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Big Yellow Group's stock price recently surpassed its two hundred day moving average, reaching a high of GBX 960 ($12.89).
• Deutsche Bank has upgraded Big Yellow Group to a "buy" rating and adjusted its target price down from GBX 1,300 to GBX 1,200.
• The company has a market capitalization of £1.88 billion and exhibits a high P/E ratio of 931.91, indicating potential valuation concerns.

Big Yellow Group Plc (LON:BYG - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 952.32 ($12.79) and traded as high as GBX 960 ($12.89). Big Yellow Group shares last traded at GBX 960 ($12.89), with a volume of 316,141 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised 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 research analyst has rated the stock with a Buy rating, According to MarketBeat, Big Yellow Group currently has an average rating of "Buy" and a consensus target price of GBX 1,200.

Big Yellow Group Stock Down 0.2%

The firm has a fifty day simple moving average of GBX 927.84 and a 200-day simple moving average of GBX 952.32. The company has a market capitalization of £1.88 billion, a P/E ratio of 931.91, a P/E/G ratio of 2.40 and a beta of 0.72. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 16.68.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.