Big Yellow Group Rating Reiterated by JPMorgan Chase & Co. (BYG)
Big Yellow Group (LON:BYG)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday, American Banking News reports. They currently have a GBX 475 ($7.43) price objective on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 11.09% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd upgraded shares of Big Yellow Group (LON:BYG) from a “hold” rating to an “add” rating in a research note to investors on Tuesday. They now have a GBX 460 ($7.19) price target on the stock, up previously from GBX 375 ($5.86). 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 439.54 ($6.87).
Shares of Big Yellow Group (LON:BYG) opened at 426.68 on Friday. The stock’s 50-day moving average is GBX 424.2 and its 200-day moving average is GBX 400.. The company’s market cap is £596.2 million.
Big Yellow Group PLC (LON:BYG) is engaged in the provision of self storage and related services.
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