Numis Securities Ltd Upgrades Big Yellow Group to Add (BYG)
Big Yellow Group (LON:BYG) was upgraded by research analysts at Numis Securities Ltd from a “hold” rating to an “add” rating in a report released on Tuesday, American Banking News reports. The firm currently has a GBX 460 ($7.19) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 10.79% from the stock’s previous close.
Big Yellow Group (LON:BYG) opened at 427.40 on Tuesday. Big Yellow Group has a 52 week low of GBX 308.10 and a 52 week high of GBX 447.20. The stock has a 50-day moving average of GBX 423.7 and a 200-day moving average of GBX 399.6. The company’s market cap is £597.2 million.
BYG has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Big Yellow Group (LON:BYG) from GBX 450 ($7.04) to GBX 475 ($7.43) in a research note to investors on Tuesday, September 3rd. They now have an “overweight” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Big Yellow Group (LON:BYG) from GBX 395 ($6.18) to GBX 445 ($6.96) in a research note to investors on Wednesday, August 28th. They now have an “equal weight” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Big Yellow Group (LON:BYG) in a research note to investors on Monday, August 12th. They now have a GBX 489 ($7.65) price target on the stock.
One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 439.54 ($6.87).
Big Yellow Group PLC (LON:BYG) is engaged in the provision of self storage and related services.
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