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

Key Points

• Big Yellow Group's stock price surged by **15.4%**, trading as high as GBX 1,178 ($15.71) during mid-day trading.
• Deutsche Bank has upgraded the company to a **"buy" rating** while lowering its price target from GBX 1,300 to GBX 1,200.
• The company's market capitalization stands at **£2.20 billion**, with notable financial ratios including a **P/E ratio of 1,091.44** and a **debt-to-equity ratio of 16.68**.

Big Yellow Group Plc (LON:BYG - Get Free Report) shares rose 15.4% during mid-day trading on Tuesday . The company 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 mid-day 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 Ratings Changes

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

Big Yellow Group Stock Up 0.7%

The business has a 50-day moving average of GBX 942.75 and a 200-day moving average of GBX 957.49. The stock has a market capitalization of £2.20 billion, a price-to-earnings ratio of 1,091.44, a P/E/G 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.

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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