Big Yellow Group (LON:BYG) Trading 15.4% Higher - Here's Why

Key Points

• Big Yellow Group Plc saw its stock price increase by 15.4%, reaching a high of GBX 1,178 ($15.72) during trading, up from a previous close of GBX 965 ($12.87).
• Deutsche Bank upgraded Big Yellow Group's stock to a "buy" rating but lowered its target price from GBX 1,300 to GBX 1,200.
• The company has a market capitalization of £2.18 billion and operates 109 self-storage locations across the UK, emphasizing a commitment to customer service and innovation.

Big Yellow Group Plc (LON:BYG - Get Free Report)'s stock price shot up 15.4% on Monday . The company traded as high as GBX 1,178 ($15.72) and last traded at GBX 1,114.09 ($14.86). 2,668,195 shares traded hands during trading, an increase of 211% from the average session volume of 857,912 shares. The stock had previously closed at GBX 965 ($12.87).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Big Yellow Group to a "buy" rating and dropped their target price for the company 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, According to MarketBeat.com, Big Yellow Group has an average rating of "Buy" and an average target price of GBX 1,200.

Big Yellow Group Price Performance

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 firm's 50 day simple moving average is GBX 939.11 and its 200 day simple moving average is GBX 956.26. The stock has a market capitalization of £2.18 billion, a PE ratio of 1,083.74, a P/E/G ratio of 2.40 and a beta of 0.72.

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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