Big Yellow Group (LON:BYG) Trading 15.4% Higher - Time to Buy?

Key Points

• Big Yellow Group Plc shares surged 15.4% on Monday, reaching a high of GBX 1,178 ($15.71) before closing at GBX 1,114.09 ($14.86), with trading volume increasing by 211% compared to its average.
• Deutsche Bank upgraded the stock to a "buy" rating and lowered its price target from GBX 1,300 to GBX 1,200, supported by a consensus rating of "Buy" among analysts.
• The company has a market capitalization of £2.19 billion and shows solid operational metrics, including a low debt-to-equity ratio of 16.68, despite a high P/E ratio of 1,085.60.

Big Yellow Group Plc (LON:BYG - Get Free Report) traded up 15.4% on Monday . The stock traded as high as GBX 1,178 ($15.71) 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).

Wall Street Analyst Weigh In

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

Big Yellow Group Price Performance

The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 16.68. The stock has a market capitalization of £2.19 billion, a P/E ratio of 1,085.60, a price-to-earnings-growth ratio of 2.40 and a beta of 0.72. The stock has a 50 day moving average of GBX 942.75 and a 200-day moving average of GBX 957.49.

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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