Big Yellow Group (LON:BYG) Trading 19.8% Higher – Time to Buy?

Big Yellow Group Plc (LON:BYG) shares shot up 19.8% on Monday . The stock traded as high as GBX 1,168 ($15.58) and last traded at GBX 1,156 ($15.42). 1,020,876 shares were traded during trading, an increase of 20% from the average session volume of 849,592 shares. The stock had previously closed at GBX 965 ($12.87).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised Big Yellow Group to a “buy” rating and lowered their target price 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, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,200.

Big Yellow Group Stock Performance

The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 16.68. The firm has a market capitalization of £2.27 billion, a P/E ratio of 1,128.40, a price-to-earnings-growth ratio of 2.40 and a beta of 0.72. The company’s 50 day moving average is GBX 939.11 and its 200-day moving average is GBX 956.26.

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.