Berenberg Bank Reiterates “Buy” Rating for Big Yellow Group (LON:BYG)

Big Yellow Group (LON:BYG)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a report issued on Tuesday,Digital Look reports. They currently have a GBX 1,323 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 60.17% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group raised shares of Big Yellow Group to a “buy” rating and boosted their price objective for the stock from GBX 1,200 to GBX 1,225 in a research note on Monday, January 26th. The Goldman Sachs Group downgraded shares of Big Yellow Group to a “sell” rating and dropped their target price for the stock from GBX 1,140 to GBX 860 in a research note on Monday, March 30th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,217.17.

Big Yellow Group Trading Down 0.4%

Shares of BYG opened at GBX 826 on Tuesday. The firm’s 50-day moving average price is GBX 891.11 and its 200-day moving average price is GBX 996.97. The firm has a market capitalization of £1.62 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 2.40 and a beta of 0.96. The company has a current ratio of 0.26, a quick ratio of 0.29 and a debt-to-equity ratio of 17.84. Big Yellow Group has a 1-year low of GBX 820.50 and a 1-year high of GBX 1,208.

Big Yellow Group (LON:BYG) last announced its earnings results on Monday, May 18th. The company reported GBX 63.80 earnings per share for the quarter. Big Yellow Group had a net margin of 63.14% and a return on equity of 5.06%. The firm had revenue of £209.08 million for the quarter. Sell-side analysts anticipate that Big Yellow Group will post 57.4799434 EPS for the current year.

Insiders Place Their Bets

In other Big Yellow Group news, insider Nicholas Vetch sold 54,731 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of GBX 913, for a total value of £499,694.03. Insiders own 12.87% of the company’s stock.

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.