Big Yellow Group (LON:BYG) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Big Yellow Group Plc (LON:BYG)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,032.27 and traded as low as GBX 891. Big Yellow Group shares last traded at GBX 908, with a volume of 14,582,097 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on BYG shares. Peel Hunt reissued a “buy” rating and set a GBX 1,310 price target on shares of Big Yellow Group in a research note on Tuesday, November 18th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,383 price objective on shares of Big Yellow Group in a research note on Tuesday, January 20th. Jefferies Financial Group raised Big Yellow Group to a “buy” rating and lifted their price objective for the stock from GBX 1,200 to GBX 1,225 in a report on Monday, January 26th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 1,385 target price on shares of Big Yellow Group in a research report on Tuesday, November 18th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Big Yellow Group presently has an average rating of “Buy” and a consensus target price of GBX 1,300.60.

Big Yellow Group Price Performance

The company has a debt-to-equity ratio of 17.84, a quick ratio of 0.29 and a current ratio of 0.26. The company’s fifty day simple moving average is GBX 1,029.43 and its two-hundred day simple moving average is GBX 1,031.62. The stock has a market capitalization of £1.83 billion, a PE ratio of 14.14, a P/E/G ratio of 2.40 and a beta of 0.88.

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.