Jefferies Group Reiterates “Buy” Rating for Big Yellow Group (BYG)
Big Yellow Group (LON:BYG)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 500 ($7.98) price target on the stock. Jefferies Group’s target price points to a potential upside of 7.53% from the stock’s previous close.
Big Yellow Group (LON:BYG) traded up 0.87% on Monday, hitting GBX 465.00. 68,716 shares of the company’s stock traded hands. Big Yellow Group has a 52-week low of GBX 317.862 and a 52-week high of GBX 463.90. The stock has a 50-day moving average of GBX 422.7 and a 200-day moving average of GBX 402.4. The company’s market cap is £649.7 million.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Big Yellow Group in a research note to investors on Wednesday, September 18th. They now have a GBX 485 ($7.74) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Big Yellow Group in a research note to investors on Friday, September 13th. They now have a GBX 475 ($7.58) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Big Yellow Group from a “hold” rating to an “add” rating in a research note to investors on Tuesday, September 10th. They now have a GBX 460 ($7.34) price target on the stock, up previously from GBX 375 ($5.99). One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 447.63 ($7.15).
Big Yellow Group PLC (LON:BYG) is engaged in the provision of self storage and related services.
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