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

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

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

Big Yellow Group Stock Performance

LON BYG opened at GBX 829 on Tuesday. 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 company has a market capitalization of £1.62 billion, a P/E ratio of 13.08, a P/E/G ratio of 2.40 and a beta of 0.93. Big Yellow Group has a 12-month low of GBX 800.50 and a 12-month high of GBX 1,208. The firm has a 50-day moving average price of GBX 865.66 and a two-hundred day moving average price of GBX 966.70.

Big Yellow Group (LON:BYG) last posted its quarterly earnings data on Monday, May 18th. The company reported GBX 63.80 earnings per share (EPS) for the quarter. The firm 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%. Analysts anticipate that Big Yellow Group will post 57.4799434 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Michael O’Donnell acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired 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 company’s stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average cost of GBX 846 per share, with a total value of £278,460.90. In the last ninety days, insiders have bought 58,731 shares of company stock valued at $51,050,282. 12.98% of the stock is currently owned by insiders.

About Big Yellow Group

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.