Big Yellow Group (LON:BYG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Big Yellow Group Plc (LON:BYG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 965.55 ($12.91) and traded as high as GBX 1,180 ($15.78). Big Yellow Group shares last traded at GBX 1,176 ($15.72), with a volume of 823,617 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BYG shares. Deutsche Bank Aktiengesellschaft raised shares of Big Yellow Group to a “buy” rating and reduced their price objective for the company from GBX 1,300 to GBX 1,200 in a research note on Friday, August 1st. Peel Hunt reaffirmed an “add” rating and issued a GBX 1,310 price objective on shares of Big Yellow Group in a research note on Monday. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 1,255.

Big Yellow Group Trading Up 2.4%

The company’s fifty day simple moving average is GBX 966.47 and its two-hundred day simple moving average is GBX 965.55. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 16.68. The company has a market capitalization of £2.36 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth 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.