Big Yellow Group (LON:BYG) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft upgraded Big Yellow Group to a "buy" rating, with a new price target of GBX 1,200 ($15.85), indicating a potential upside of 30.29% from the stock's previous close.
• Big Yellow Group's shares opened at GBX 921 ($12.17) and reported a net margin of 120.15% alongside earnings per share of GBX 58.10 ($0.77) for the last quarter.
• The company has a market capitalization of £1.80 billion and maintains a strong position as the UK's brand leader in self-storage with 109 stores.

Big Yellow Group (LON:BYG - Get Free Report) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft to a "buy" rating in a note issued to investors on Friday, Marketbeat reports. The firm presently has a GBX 1,200 ($15.93) target price on the stock, down from their prior target price of GBX 1,300 ($17.26). Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 29.73% from the company's current price.

Big Yellow Group Trading Down 1.2%

LON BYG traded down GBX 11 ($0.15) on Friday, hitting GBX 925 ($12.28). The company's stock had a trading volume of 588,416 shares, compared to its average volume of 777,001. Big Yellow Group has a 52-week low of GBX 829 ($11.01) and a 52-week high of GBX 1,344 ($17.85). The firm has a market cap of £1.81 billion, a P/E ratio of 7.49, a PEG ratio of 2.40 and a beta of 0.72. The company's 50-day simple moving average is GBX 969.70 and its 200 day simple moving average is GBX 954.57. 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 (LON:BYG - Get Free Report) last announced its earnings results on Monday, May 19th. The company reported GBX 58.10 ($0.77) earnings per share (EPS) for the quarter. Big Yellow Group had a return on equity of 10.18% and a net margin of 120.15%. Research analysts predict that Big Yellow Group will post 57.4799434 EPS for the current fiscal year.

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.