Big Yellow Group (LON:BYG) Trading Up 15.4% - Should You Buy?

Key Points

• Big Yellow Group's share price surged by 15.4%, reaching a high of GBX 1,178 ($15.71) before closing at GBX 1,114.09 ($14.86) during trading on Monday.
• Deutsche Bank has upgraded Big Yellow Group to a "buy" rating, lowering the price target from GBX 1,300 to 1,200, while the company currently holds a consensus rating of "Buy" with an average target price of GBX 1,200.
• The company boasts a market capitalization of £2.18 billion and a notably high P/E ratio of 1,083.74, signaling high investor expectations despite the current financial metrics.

Big Yellow Group Plc (LON:BYG - Get Free Report)'s share price was up 15.4% during trading on Monday . The company traded as high as GBX 1,178 ($15.71) and last traded at GBX 1,114.09 ($14.86). Approximately 2,668,195 shares were traded 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).

Analyst Ratings Changes

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

Big Yellow Group Stock Up 15.4%

The company has a market capitalization of £2.18 billion, a PE ratio of 1,083.74, a P/E/G ratio of 2.40 and a beta of 0.72. The firm has a fifty day simple moving average of GBX 942.75 and a 200-day simple moving average of 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.

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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