Big Yellow Group (LON:BYG) Shares Pass Below 200-Day Moving Average – Time to Sell?

Big Yellow Group Plc (LON:BYG)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 932.93 and traded as low as GBX 858. Big Yellow Group shares last traded at GBX 875, with a volume of 475,887 shares changing hands.

Analyst Ratings Changes

BYG has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered Big Yellow Group to a “sell” rating and cut their target price for the company from GBX 1,140 to GBX 860 in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on Big Yellow Group from GBX 1,200 to GBX 1,100 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,323 price objective on shares of Big Yellow Group in a report on Tuesday, May 19th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,138 price objective on shares of Big Yellow Group in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. decreased their target price on Big Yellow Group from GBX 1,250 to GBX 1,190 and set an “overweight” rating on the stock in a research note on Tuesday, June 9th. Six investment 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, Big Yellow Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,186.57.

Big Yellow Group Stock Down 0.6%

The firm has a market cap of £1.72 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 2.40 and a beta of 0.93. The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 19.31. The business has a 50-day moving average price of GBX 858.28 and a two-hundred day moving average price of GBX 931.95.

Big Yellow Group (LON:BYG) last released its earnings results on Monday, May 18th. The company reported GBX 63.80 earnings per share (EPS) for the quarter. Big Yellow Group had a return on equity of 4.81% and a net margin of 59.74%.The firm had revenue of £209.08 million during the quarter. On average, equities research analysts expect that Big Yellow Group Plc will post 57.4799434 EPS for the current year.

Insider Activity at Big Yellow Group

In other news, insider Michael O’Donnell bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average cost of GBX 827 per share, for a total transaction of £33,080. Corporate insiders own 12.98% 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.