Big Yellow Group (LON:BYG) Trading 15.4% Higher - What's Next?

Key Points

• Big Yellow Group's 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 the average session.
• Deutsche Bank upgraded Big Yellow Group's stock to a "buy" rating, adjusting the target price from GBX 1,300 to GBX 1,200, while the company's overall rating is currently “Buy” with a consensus target of GBX 1,200.
• Big Yellow Group, a leading self-storage provider in the UK, is focused on innovation and exceptional customer service, supported by its network of 109 stores and a market cap of £2.19 billion.

Big Yellow Group Plc (LON:BYG - Get Free Report) shares traded up 15.4% 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 traded hands during mid-day 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 Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded Big Yellow Group to a "buy" rating and cut 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.com, the company has an average rating of "Buy" and a consensus price target of GBX 1,200.

Big Yellow Group Stock Performance

The firm's 50 day simple moving average is GBX 942.75 and its 200-day simple moving average is GBX 957.49. The company has a debt-to-equity ratio of 16.68, a quick ratio of 0.29 and a current ratio of 0.36. The company has a market capitalization of £2.19 billion, a price-to-earnings ratio of 1,085.60, 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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