Big Yellow Group (LON:BYG) Stock Price Passes Below 200 Day Moving Average - What's Next?

Key Points

• Big Yellow Group shares fell below their 200-day moving average, trading as low as GBX 907 and last at GBX 912.54 on a volume of 357,641, versus the 200‑day MA of GBX 1,020.86.
• Analyst views are mixed—five Buy ratings and one Sell yield an average rating of Moderate Buy with an average target of GBX 1,227.17, though Goldman Sachs recently downgraded the stock to Sell with a GBX 860 target.
• Insider Nicholas Vetch purchased 32,915 shares at GBX 846 on March 23, and insiders now own about 12.87% of the company.

Big Yellow Group Plc (LON:BYG - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,020.86 and traded as low as GBX 907. Big Yellow Group shares last traded at GBX 912.54, with a volume of 357,641 shares trading hands.

Wall Street Analyst Weigh In

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

Big Yellow Group Price Performance

The firm has a 50 day moving average of GBX 935.23 and a 200-day moving average of GBX 1,020.86. The company has a market cap of £1.79 billion, a P/E ratio of 13.78, a P/E/G ratio of 2.40 and a beta of 0.96. The company has a current ratio of 0.26, a quick ratio of 0.29 and a debt-to-equity ratio of 17.84.

Insider Transactions at Big Yellow Group

In other news, insider Nicholas Vetch acquired 32,915 shares of Big Yellow Group stock in a transaction on Monday, March 23rd. The shares were acquired at an average price of GBX 846 per share, with a total value of £278,460.90. 12.87% of the stock is currently owned by insiders.

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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