Big Yellow Group (LON:BYG) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?
by Tristan Rich · The Markets DailyBig Yellow Group Plc (LON:BYG – Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,027.95 and traded as high as GBX 1,052. Big Yellow Group shares last traded at GBX 1,042, with a volume of 163,794 shares changing hands.
Wall Street Analysts Forecast Growth
BYG has been the subject of a number of analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,310 target price on shares of Big Yellow Group in a report on Tuesday, November 18th. Jefferies Financial Group upgraded Big Yellow Group to a “buy” rating and raised their price target for the stock from GBX 1,200 to GBX 1,225 in a research report on Monday, January 26th. Liberum Capital reiterated a “buy” rating and issued a GBX 1,385 price objective on shares of Big Yellow Group in a report on Tuesday, November 18th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,383 target price on shares of Big Yellow Group in a research note on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,300.60.
Check Out Our Latest Research Report on BYG
Big Yellow Group Trading Up 1.2%
The company has a market capitalization of £2.07 billion, a P/E ratio of 15.92, a PEG ratio of 2.40 and a beta of 0.72. 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 business’s 50-day moving average price is GBX 1,041.22 and its two-hundred day moving average price is GBX 1,027.95.
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.