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

Big Yellow Group Plc (LON:BYG – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 901.64 and traded as high as GBX 904.50. Big Yellow Group shares last traded at GBX 897.50, with a volume of 708,512 shares trading hands.

Wall Street Analysts Forecast Growth

BYG has been the topic of a number of research analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 1,323 price objective on shares of Big Yellow Group in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Big Yellow Group from GBX 1,200 to GBX 1,100 and set a “buy” rating for the company in a research report on Wednesday, May 20th. JPMorgan Chase & Co. cut their target price on shares of Big Yellow Group from GBX 1,250 to GBX 1,190 and set an “overweight” rating on the stock in a research note on Tuesday, June 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,138 price target on shares of Big Yellow Group in a research report on Monday, June 15th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,186.57.

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Big Yellow Group Stock Down 1.1%

The company has a debt-to-equity ratio of 19.31, a quick ratio of 0.29 and a current ratio of 0.31. The firm has a market capitalization of £1.72 billion, a P/E ratio of 13.84, a P/E/G ratio of 2.40 and a beta of 0.92. The stock has a fifty day moving average price of GBX 889.95 and a two-hundred day moving average price of GBX 900.60.

Big Yellow Group Company Profile

(Get Free Report)

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.

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