Big Yellow Group (LON:BYG) Stock Price Up 15.4% - What's Next?

Key Points

• Big Yellow Group Plc's stock surged 15.4% to a last traded price of GBX 1,114.09 after experiencing a significant increase in trading volume, up 211% from the average.
• Analysts from Deutsche Bank upgraded Big Yellow Group to a "buy" rating with a revised target price of GBX 1,200.
• The company boasts a strong market capitalization of £2.18 billion and is recognized as the UK's leading self-storage provider.

Big Yellow Group Plc (LON:BYG - Get Free Report) rose 15.4% during trading on Monday . The stock traded as high as GBX 1,178 ($15.71) 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).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 1,200.

Big Yellow Group Stock Up 15.4%

The firm's 50-day moving average is GBX 942.75 and its 200 day moving average is GBX 957.49. The firm has a market capitalization of £2.18 billion, a PE ratio of 1,083.74, a price-to-earnings-growth 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.

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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