Peel Hunt Reiterates "Add" Rating for Big Yellow Group (LON:BYG)

Key Points

• Peel Hunt has reiterated its "add" rating for Big Yellow Group, setting a price objective of GBX 1,310, which suggests a potential upside of 15.72% from the current stock price.
• Deutsche Bank upgraded Big Yellow Group to a "buy" rating but reduced its price objective from GBX 1,300 to GBX 1,200, with the consensus rating remaining "Buy" and an average target price of GBX 1,255.
• As of the latest trading, Big Yellow Group's stock opened at GBX 1,132, showing a 1.3% increase and reflecting a market capitalization of £2.22 billion.

Big Yellow Group (LON:BYG - Get Free Report)'s stock had its "add" rating reissued by stock analysts at Peel Hunt in a research note issued on Monday,Digital Look reports. They currently have a GBX 1,310 price objective on the stock. Peel Hunt's price objective would suggest a potential upside of 15.72% from the stock's current price.

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Big Yellow Group to a "buy" rating and reduced their price objective for the stock from GBX 1,300 to GBX 1,200 in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of GBX 1,255.

Big Yellow Group Trading Up 1.3%

Big Yellow Group stock opened at GBX 1,132 on Monday. The firm has a 50-day moving average of GBX 956.87 and a 200-day moving average of GBX 962.45. Big Yellow Group has a one year low of GBX 829 and a one year high of GBX 1,264. The company has a debt-to-equity ratio of 16.68, a current ratio of 0.36 and a quick ratio of 0.29. The company has a market cap of £2.22 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 2.40 and a beta of 0.72.

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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