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

Big Yellow Group (LON:BYG)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report issued on Tuesday,Digital Look reports. They presently have a GBX 1,323 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 60.17% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Jefferies Financial Group raised shares of Big Yellow Group to a “buy” rating and raised their price objective for the stock from GBX 1,200 to GBX 1,225 in a report on Monday, January 26th. The Goldman Sachs Group downgraded shares of Big Yellow Group to a “sell” rating and cut their price objective for the stock from GBX 1,140 to GBX 860 in a report on Monday, March 30th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,217.17.

Big Yellow Group Trading Down 0.4%

Shares of BYG stock opened at GBX 826 on Tuesday. Big Yellow Group has a 52-week low of GBX 820.50 and a 52-week high of GBX 1,208. 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 has a 50-day simple moving average of GBX 891.11 and a two-hundred day simple moving average of GBX 996.97. The company 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.

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

Insider Activity

In other Big Yellow Group news, insider Nicholas Vetch bought 32,915 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were bought at an average price of GBX 846 per share, for a total transaction of £278,460.90. Corporate insiders own 12.87% of the company’s stock.

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.