Big Yellow Group (LON:BYG) Share Price Passes Above 200-Day Moving Average – Here’s Why

Big Yellow Group Plc (LON:BYG)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 985.17 and traded as high as GBX 1,136. Big Yellow Group shares last traded at GBX 1,122, with a volume of 12,900,148 shares traded.

Analysts Set New Price Targets

BYG has been the subject of several recent analyst reports. Peel Hunt reiterated an “add” rating and set a GBX 1,310 price objective on shares of Big Yellow Group in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft raised Big Yellow Group to a “buy” rating and reduced their price target for the stock from GBX 1,300 to GBX 1,200 in a research report on Friday, August 1st. Finally, Jefferies Financial Group cut Big Yellow Group to a “hold” rating and raised their price objective for the stock from GBX 1,092 to GBX 1,191 in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,233.67.

Big Yellow Group Trading Down 0.2%

The stock’s fifty day simple moving average is GBX 1,018.66 and its 200-day simple moving average is GBX 985.17. The company has a debt-to-equity ratio of 16.68, a current ratio of 0.36 and a quick ratio of 0.29. The firm has a market cap of £2.19 billion, a PE ratio of 10.89, a PEG ratio of 2.40 and a beta of 0.72.

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.