Big Yellow Group (LON:BYG) Trading 16.4% Higher - Here's Why

Key Points

• Big Yellow Group's stock price surged 16.4% during mid-day trading, reaching GBX 1,178 before closing at GBX 1,123.01.
• Deutsche Bank upgraded Big Yellow Group to a "buy" rating while lowering their target price from GBX 1,300 to GBX 1,200.
• The company currently has a market capitalization of £2.20 billion and an average analyst rating of "Buy".

Big Yellow Group Plc (LON:BYG - Get Free Report)'s stock price shot up 16.4% during mid-day trading on Monday . The stock traded as high as GBX 1,178 ($15.72) and last traded at GBX 1,123.01 ($14.98). 1,950,950 shares traded hands during mid-day trading, an increase of 128% from the average session volume of 854,290 shares. The stock had previously closed at GBX 965 ($12.87).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded Big Yellow Group to a "buy" rating and reduced their target price for the stock 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, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of GBX 1,200.

Big Yellow Group Stock Up 16.4%

The stock has a market capitalization of £2.20 billion, a P/E ratio of 1,092.42, a PEG ratio of 2.40 and a beta of 0.72. The firm's 50-day simple moving average is GBX 939.11 and its 200 day simple moving average is GBX 956.26. The company has a debt-to-equity ratio of 16.68, a quick ratio of 0.29 and a current ratio of 0.36.

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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