JPMorgan Chase & Co. Issues Pessimistic Forecast for Big Yellow Group (LON:BYG) Stock Price

Big Yellow Group (LON:BYG) had its price target lowered by stock analysts at JPMorgan Chase & Co. from GBX 1,250 to GBX 1,190 in a research report issued on Tuesday,London Stock Exchange reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 43.55% from the stock’s previous close.

Several other equities analysts have also recently issued reports on BYG. The Goldman Sachs Group cut shares of Big Yellow Group to a “sell” rating and decreased their price target for the company from GBX 1,140 to GBX 860 in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Big Yellow Group from GBX 1,200 to GBX 1,100 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,323 price objective on shares of Big Yellow Group in a research note on Tuesday, May 19th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Big Yellow Group has an average rating of “Moderate Buy” and an average price target of GBX 1,199.

Big Yellow Group Price Performance

Shares of LON:BYG opened at GBX 829 on Tuesday. The company has a market cap of £1.62 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 2.40 and a beta of 0.93. The company has a debt-to-equity ratio of 19.31, a current ratio of 0.31 and a quick ratio of 0.29. The firm has a 50 day simple moving average of GBX 865.66 and a 200 day simple moving average of GBX 966.70. Big Yellow Group has a one year low of GBX 800.50 and a one year high of GBX 1,208.

Big Yellow Group (LON:BYG) last issued its quarterly earnings data on Monday, May 18th. The company reported GBX 63.80 EPS for the quarter. The business had revenue of £209.08 million during the quarter. Big Yellow Group had a net margin of 59.74% and a return on equity of 4.81%. Research analysts predict that Big Yellow Group will post 57.4799434 earnings per share for the current fiscal year.

Insider Buying and Selling at Big Yellow Group

In other Big Yellow Group news, insider Michael O’Donnell acquired 4,000 shares of Big Yellow Group stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of GBX 827 per share, with a total value of £33,080. Also, insider Nicholas Vetch acquired 32,915 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were purchased at an average price of GBX 846 per share, with a total value of £278,460.90. In the last three months, insiders purchased 58,731 shares of company stock worth $51,050,282. 12.98% of the stock is currently owned by insiders.

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.