Stock analysts at HSBC started coverage on shares of Big Yellow Group (LON:BYG) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a GBX 1,060 ($13.85) price target on the stock. HSBC’s price objective suggests a potential upside of 13.55% from the company’s previous close.
BYG has been the topic of several other reports. Peel Hunt reissued a “hold” rating on shares of Big Yellow Group in a research note on Thursday, December 13th. Liberum Capital reissued a “hold” rating on shares of Big Yellow Group in a research note on Wednesday, December 5th. Goldman Sachs Group downgraded shares of Big Yellow Group to a “neutral” rating and boosted their target price for the company from GBX 978 ($12.78) to GBX 993 ($12.98) in a research note on Friday, December 21st. Finally, Berenberg Bank downgraded shares of Big Yellow Group to a “hold” rating and cut their target price for the company from GBX 1,000 ($13.07) to GBX 950 ($12.41) in a research note on Monday, January 28th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 962.75 ($12.58).
Shares of LON:BYG opened at GBX 933.50 ($12.20) on Tuesday. Big Yellow Group has a 12-month low of GBX 694.50 ($9.07) and a 12-month high of GBX 910.50 ($11.90).
Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 97 stores, including 22 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further eleven Big Yellow self storage development sites (including two extension sites), of which two have planning consent.
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