Big Yellow Group (LON:BYG) Stock Price Up 19.8% - Time to Buy?

Key Points

• Big Yellow Group Plc shares surged 19.8%, reaching GBX 1,156 ($15.42), during mid-day trading, highlighting increased investor interest.
• Deutsche Bank has upgraded Big Yellow Group to a "buy" rating, with a new target price of GBX 1,200, suggesting confidence in its potential for future growth.
• The company's market capitalization stands at £2.27 billion, with key performance indicators showing it has a low debt-to-equity ratio of 16.68.

Shares of Big Yellow Group Plc (LON:BYG - Get Free Report) rose 19.8% during mid-day trading on Monday . The company traded as high as GBX 1,168 ($15.58) and last traded at GBX 1,156 ($15.42). Approximately 1,020,876 shares traded hands during trading, an increase of 20% from the average daily volume of 849,592 shares. The stock had previously closed at GBX 965 ($12.87).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised 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, the company presently has an average rating of "Buy" and a consensus price target of GBX 1,200.

Big Yellow Group Price Performance

The company has a 50-day moving average price of GBX 939.11 and a two-hundred day moving average price of GBX 956.26. The company has a debt-to-equity ratio of 16.68, a current ratio of 0.36 and a quick ratio of 0.29. The company has a market cap of £2.27 billion, a PE ratio of 1,128.40, a P/E/G ratio of 2.40 and a beta of 0.72.

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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