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

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

Big Yellow Group Stock Performance

Shares of BYG stock traded down GBX 5 during trading hours on Monday, reaching GBX 829. 11,549,180 shares of the company traded hands, compared to its average volume of 2,610,336. Big Yellow Group has a 12-month low of GBX 820.50 and a 12-month high of GBX 1,208. The company has a debt-to-equity ratio of 17.84, a current ratio of 0.26 and a quick ratio of 0.29. The company has a market cap of £1.62 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.40 and a beta of 0.96. The firm has a 50-day moving average price of GBX 893.71 and a 200 day moving average price of GBX 999.20.

Insider Buying and Selling

In other Big Yellow Group news, insider Nicholas Vetch bought 32,915 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average price of GBX 846 per share, for a total transaction of £278,460.90. Insiders own 12.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BYG shares. The Goldman Sachs Group lowered Big Yellow Group to a “sell” rating and dropped their price target for the company from GBX 1,140 to GBX 860 in a research report on Monday, March 30th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,383 price target on shares of Big Yellow Group in a research note on Tuesday, January 20th. Finally, Jefferies Financial Group upgraded shares of Big Yellow Group to a “buy” rating and increased their price target for the stock from GBX 1,200 to GBX 1,225 in a research note on Monday, January 26th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,227.17.

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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.

Further Reading

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