Big Yellow Group (LON:BYG) Trading 15.4% Higher - Should You Buy?

Key Points

• Big Yellow Group's share price increased by 15.4% during trading on Monday, climbing from a previous close of GBX 965 to a high of GBX 1,178.
• Deutsche Bank upgraded Big Yellow Group to a "buy" rating while lowering the price target from GBX 1,300 to GBX 1,200.
• The company has a market capitalization of £2.18 billion and is the UK's brand leader in self-storage with a focus on innovation and customer engagement.

Big Yellow Group Plc (LON:BYG - Get Free Report)'s share price traded up 15.4% during trading on Monday . The company traded as high as GBX 1,178 ($15.71) and last traded at GBX 1,114.09 ($14.86). 2,668,195 shares were traded 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).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised shares of Big Yellow Group to a "buy" rating and reduced their price target 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, Big Yellow Group currently has an average rating of "Buy" and an average price target of GBX 1,200.

Big Yellow Group Stock Up 15.4%

The company has a fifty day simple moving average of GBX 942.75 and a 200-day simple moving average of GBX 957.49. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 16.68. The firm has a market cap of £2.18 billion, a P/E ratio of 1,083.74, a price-to-earnings-growth 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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