Big Yellow Group (LON:BYG) Trading Up 15.4% - Time to Buy?

Key Points

• Big Yellow Group's stock surged 15.4% in mid-day trading, reaching a high of GBX 1,178 ($15.71) before closing at GBX 1,114.09 ($14.86).
• Deutsche Bank upgraded Big Yellow Group to a "buy" rating, while lowering its price target from GBX 1,300 to GBX 1,200.
• The company has a market cap of £2.18 billion and a price-to-earnings ratio of 1,083.74, indicating a highly valued stock compared to its earnings.

Big Yellow Group Plc (LON:BYG - Get Free Report)'s stock price rose 15.4% during mid-day trading 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 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 raised Big Yellow Group to a "buy" rating and cut their price target for the stock from GBX 1,300 to GBX 1,200 in a research note on Friday, August 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently 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 market cap of £2.18 billion, a price-to-earnings ratio of 1,083.74, a P/E/G ratio of 2.40 and a beta of 0.72. The firm has a 50 day moving average price of GBX 939.11 and a 200-day moving average price of GBX 956.26. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 16.68.

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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