Big Yellow Group (LON:BYG) had its price target upped by investment analysts at Goldman Sachs Group from GBX 1,042 ($13.71) to GBX 1,193 ($15.69) in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 3.65% from the company’s current price.
Several other research analysts also recently weighed in on BYG. JPMorgan Chase & Co. dropped their price target on Big Yellow Group from GBX 1,100 ($14.47) to GBX 1,050 ($13.81) and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Royal Bank of Canada initiated coverage on shares of Big Yellow Group in a research report on Wednesday, November 27th. They set an “underperform” rating and a GBX 975 ($12.83) price objective on the stock. Peel Hunt reiterated a “hold” rating and set a GBX 1,160 ($15.26) price objective (up previously from GBX 1,000 ($13.15)) on shares of Big Yellow Group in a research report on Tuesday, November 19th. Morgan Stanley downgraded shares of Big Yellow Group to an “underweight” rating and lowered their target price for the stock from GBX 1,075 ($14.14) to GBX 1,000 ($13.15) in a report on Friday, November 29th. Finally, HSBC lowered shares of Big Yellow Group to a “hold” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 1,058.89 ($13.93).
Shares of BYG opened at GBX 1,151 ($15.14) on Tuesday. The business’s 50 day moving average is GBX 1,135.32 and its 200 day moving average is GBX 1,054.28. The company has a market capitalization of $1.92 billion and a PE ratio of 11.89. Big Yellow Group has a 12-month low of GBX 846 ($11.13) and a 12-month high of GBX 1,194 ($15.71). The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 30.83.
Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 97 stores, including 22 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further eleven Big Yellow self storage development sites (including two extension sites), of which two have planning consent.
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