Big Yellow Group (BYG) Rating Reiterated by Liberum Capital
Big Yellow Group (LON:BYG)‘s stock had its “hold” rating reaffirmed by analysts at Liberum Capital in a note issued to investors on Tuesday. They presently have a GBX 860 ($11.57) price objective on the stock. Liberum Capital’s price target suggests a potential upside of 3.74% from the stock’s previous close.
Several other brokerages also recently commented on BYG. J P Morgan Chase & Co raised their target price on Big Yellow Group from GBX 880 ($11.84) to GBX 950 ($12.79) and gave the company an “overweight” rating in a research note on Wednesday, November 29th. Numis Securities upgraded Big Yellow Group to an “add” rating and set a GBX 885 ($11.91) target price for the company in a research note on Wednesday, November 22nd. Jefferies Group restated a “hold” rating and issued a GBX 795 ($10.70) target price on shares of Big Yellow Group in a research note on Wednesday, November 22nd. Peel Hunt raised their target price on Big Yellow Group from GBX 700 ($9.42) to GBX 750 ($10.09) and gave the company a “hold” rating in a research note on Tuesday, November 21st. Finally, Goldman Sachs Group restated a “buy” rating and issued a GBX 946 ($12.73) target price on shares of Big Yellow Group in a research note on Wednesday, September 27th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Big Yellow Group currently has an average rating of “Hold” and a consensus price target of GBX 858 ($11.55).
Big Yellow Group (BYG) opened at GBX 829 ($11.16) on Tuesday. Big Yellow Group has a 12-month low of GBX 641 ($8.63) and a 12-month high of GBX 865.50 ($11.65).
In related news, insider Richard Cotton purchased 5,000 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was acquired at an average price of GBX 773 ($10.40) per share, for a total transaction of £38,650 ($52,018.84). Also, insider Nicholas Vetch sold 120,000 shares of Big Yellow Group stock in a transaction dated Friday, December 8th. The shares were sold at an average price of GBX 841 ($11.32), for a total value of £1,009,200 ($1,358,277.25).
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About Big Yellow Group
Big Yellow Group PLC is a United Kingdom-based company, which is engaged in the provision of self-storage and related services. The Company operates from a platform of approximately 89 stores, including 16 stores branded as Armadillo Self Storage. The Company also owns over seven Big Yellow self-storage development sites (including two extensions sites), of which two have planning consent.
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