Big Yellow Group (LON:BYG) Trading 14.8% Higher - What's Next?

Key Points

• Big Yellow Group's shares surged by 14.8% during trading, reaching a high of GBX 1,178 ($15.72) before closing at GBX 1,108 ($14.78), significantly above its previous closing price of GBX 965 ($12.87).
• Deutsche Bank raised Big Yellow's rating to "buy" but adjusted the price target down from GBX 1,300 to GBX 1,200, reflecting analysts' ongoing positive outlook for the stock.
• The company has a market cap of £2.19 billion and is recognized as the UK's brand leader in self-storage, committed to innovation and exceptional customer service.

Big Yellow Group Plc (LON:BYG - Get Free Report) shares shot up 14.8% during trading on Monday . The company traded as high as GBX 1,178 ($15.72) and last traded at GBX 1,108 ($14.78). 1,905,708 shares were traded during mid-day trading, an increase of 123% from the average session volume of 854,061 shares. The stock had previously closed at GBX 965 ($12.87).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised Big Yellow Group to a "buy" rating and lowered their price objective for the company 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 presently has a consensus rating of "Buy" and an average target price of GBX 1,200.

Big Yellow Group Trading Up 15.6%

The stock has a market cap of £2.19 billion, a PE ratio of 1,085.60, a PEG ratio of 2.40 and a beta of 0.72. The stock's fifty day moving average price is GBX 939.11 and its 200 day moving average price is GBX 956.26. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 16.68.

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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