Big Yellow Group (LON:BYG) Announces Quarterly Earnings Results

Big Yellow Group (LON:BYG) released its quarterly earnings results on Monday. The company reported GBX 63.80 EPS for the quarter, Digital Look Earnings reports. Big Yellow Group had a return on equity of 5.06% and a net margin of 63.14%.The firm had revenue of £209.08 million for the quarter.

Big Yellow Group Stock Performance

BYG stock traded down GBX 5 during midday trading on Monday, reaching GBX 829. The company had a trading volume of 11,549,180 shares, compared to its average volume of 2,610,336. The company has a quick ratio of 0.29, a current ratio of 0.26 and a debt-to-equity ratio of 17.84. The stock has a 50 day moving average price of GBX 893.71 and a 200 day moving average price of GBX 999.20. Big Yellow Group has a fifty-two week low of GBX 820.50 and a fifty-two week high of GBX 1,208. The firm has a market capitalization of £1.62 billion, a PE ratio of 12.52, a P/E/G ratio of 2.40 and a beta of 0.96.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BYG. 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. Jefferies Financial Group raised Big Yellow Group to a “buy” rating and upped their target price for the company from GBX 1,200 to GBX 1,225 in a research report on Monday, January 26th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,383 target price on shares of Big Yellow Group in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Big Yellow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,227.17.

Insider Buying and Selling

In other Big Yellow Group news, insider Nicholas Vetch sold 54,731 shares of Big Yellow Group stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of GBX 913, for a total value of £499,694.03. 12.87% 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.