Big Yellow Group (LON:BYG) Trading Up 15.4% - Here's What Happened

Key Points

• Big Yellow Group's share price surged by 15.4% during trading, reaching a high of GBX 1,178 ($15.72) before closing at GBX 1,114.09 ($14.86), accompanied by a significant increase in trading volume.
• Deutsche Bank upgraded Big Yellow Group's shares to a "buy" rating and adjusted the price target down from GBX 1,300 to GBX 1,200.
• The company possesses a debt-to-equity ratio of 16.68, indicating a leveraged capital structure, and maintains a market capitalization of £2.18 billion.

Shares of Big Yellow Group Plc (LON:BYG - Get Free Report) were 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). Approximately 2,668,195 shares changed hands during mid-day trading, an increase of 211% from the average daily volume of 857,912 shares. The stock had previously closed at GBX 965 ($12.87).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded Big Yellow Group to a "buy" rating and decreased their price target for the stock from GBX 1,300 to GBX 1,200 in a research 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 currently has a consensus rating of "Buy" and an average target price of GBX 1,200.

Big Yellow Group Stock Up 15.4%

The firm has a fifty day moving average price of GBX 939.11 and a 200 day moving average price of GBX 956.26. 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 company has a market cap of £2.18 billion, a P/E ratio of 1,083.74, a PEG ratio of 2.40 and a beta of 0.72.

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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