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

Key Points

• Big Yellow Group's shares surged by 15.4%, reaching a trading price of GBX 1,114.09, with volumes up 211% compared to the average daily trading.
• Deutsche Bank upgraded the company's stock rating to "buy" and adjusted its target price to GBX 1,200, reflecting a strong consensus rating of "Buy" from analysts.
• The company, known for being the UK's leader in self-storage, has a market cap of £2.18 billion and operates a total of 109 stores across the country.

Big Yellow Group Plc (LON:BYG - Get Free Report) shares were up 15.4% on Monday . The company traded as high as GBX 1,178 ($15.72) 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).

Analysts Set New Price Targets

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

Big Yellow Group Stock Up 15.4%

The company's fifty day moving average price is GBX 939.11 and its 200-day moving average price is GBX 956.26. The stock has a market cap of £2.18 billion, a P/E ratio of 1,083.74, a price-to-earnings-growth ratio of 2.40 and a beta of 0.72. 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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