Big Yellow Group’s (BYG) Add Rating Reiterated at Numis Securities
Big Yellow Group (LON:BYG)‘s stock had its “add” rating reiterated by research analysts at Numis Securities in a research note issued on Wednesday. They presently have a GBX 885 ($12.00) target price on the stock. Numis Securities’ price target would indicate a potential upside of 6.31% from the stock’s current price.
A number of other analysts have also issued reports on the company. Jefferies Group reissued a “hold” rating and issued a GBX 795 ($10.78) target price on shares of Big Yellow Group in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 880 ($11.93) target price on shares of Big Yellow Group in a research report on Wednesday, November 22nd. Liberum Capital reissued a “hold” rating and issued a GBX 860 ($11.66) target price on shares of Big Yellow Group in a research report on Tuesday, December 12th. Goldman Sachs Group reissued a “buy” rating and issued a GBX 946 ($12.83) target price on shares of Big Yellow Group in a research report on Wednesday, September 27th. Finally, Peel Hunt boosted their target price on Big Yellow Group from GBX 700 ($9.49) to GBX 750 ($10.17) and gave the company a “hold” rating in a research report on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Big Yellow Group currently has a consensus rating of “Hold” and an average price target of GBX 858 ($11.64).
Big Yellow Group (LON:BYG) traded up GBX 1 ($0.01) on Wednesday, reaching GBX 832.50 ($11.29). The company had a trading volume of 1,491,405 shares, compared to its average volume of 307,146. Big Yellow Group has a 12-month low of GBX 659 ($8.94) and a 12-month high of GBX 877 ($11.89). The firm has a market capitalization of $1,320.00 and a PE ratio of 1,095.39.
In other news, insider Nicholas Vetch sold 120,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of GBX 841 ($11.40), for a total transaction of £1,009,200 ($1,368,592.35).
Big Yellow Group Company Profile
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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