Big Yellow Group Plc (LON:BYG – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 932.93 and traded as low as GBX 858. Big Yellow Group shares last traded at GBX 875, with a volume of 475,887 shares changing hands.
Wall Street Analyst Weigh In
BYG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target 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. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,138 price objective on shares of Big Yellow Group in a report on Monday, June 15th. JPMorgan Chase & Co. lowered their price objective on shares of Big Yellow Group from GBX 1,250 to GBX 1,190 and set an “overweight” rating for the company in a research report on Tuesday, June 9th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,323 target price on shares of Big Yellow Group in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group lowered Big Yellow Group to a “sell” rating and cut their target price for the company from GBX 1,140 to GBX 860 in a research report on Monday, March 30th. Six 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, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,186.57.
Check Out Our Latest Stock Analysis on Big Yellow Group
Big Yellow Group Trading Up 0.6%
Big Yellow Group (LON:BYG – Get Free Report) last released its earnings results on Monday, May 18th. The company reported GBX 63.80 earnings per share for the quarter. The company had revenue of £209.08 million during the quarter. Big Yellow Group had a return on equity of 4.81% and a net margin of 59.74%. On average, research analysts anticipate that Big Yellow Group Plc will post 57.4799434 earnings per share for the current year.
Insider Activity at Big Yellow Group
In other Big Yellow Group news, insider Michael O’Donnell acquired 4,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of GBX 827 per share, with a total value of £33,080. Insiders own 12.98% of the company’s stock.
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.
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