Big Yellow Group (LON:BYG) Stock Price Up 17.3% – Still a Buy?

Shares of Big Yellow Group Plc (LON:BYG) were up 17.3% during mid-day trading on Monday . The stock traded as high as GBX 1,178 ($15.72) and last traded at GBX 1,132 ($15.10). Approximately 1,680,849 shares traded hands during trading, an increase of 97% from the average daily volume of 852,808 shares. The stock had previously closed at GBX 965 ($12.87).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised shares of Big Yellow Group to a “buy” rating and cut their price target for the company from GBX 1,300 to GBX 1,200 in a report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,200.

Big Yellow Group Stock Up 18.5%

The company has a debt-to-equity ratio of 16.68, a quick ratio of 0.29 and a current ratio of 0.36. The stock has a market cap of £2.24 billion, a price-to-earnings ratio of 1,112.84, a PEG ratio of 2.40 and a beta of 0.72. The firm’s 50-day simple moving average is GBX 939.11 and its two-hundred day simple moving average is GBX 956.26.

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.