Big Yellow Group (LON:BYG) Trading 19.8% Higher - Time to Buy?

Key Points

• Big Yellow Group's share price surged 19.8% during mid-day trading, reaching GBX 1,168 ($15.58) from a prior close of GBX 965 ($12.87).
• Deutsche Bank upgraded the stock to a "buy" rating and set a new target price of GBX 1,200, reflecting a positive sentiment among analysts.
• The company has a market capitalization of £2.27 billion, with key financial ratios including a P/E ratio of 1,128.40 and a debt-to-equity ratio of 16.68.

Big Yellow Group Plc (LON:BYG - Get Free Report)'s share price rose 19.8% during mid-day trading on Monday . The company traded as high as GBX 1,168 ($15.58) and last traded at GBX 1,156 ($15.42). Approximately 1,020,876 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 849,592 shares. The stock had previously closed at GBX 965 ($12.87).

Analyst Upgrades and Downgrades

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

Big Yellow Group Price Performance

The company's 50-day moving average is GBX 939.11 and its two-hundred day moving average is GBX 956.26. 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 has a market cap of £2.27 billion, a P/E ratio of 1,128.40, a PEG 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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