Morgan Stanley Upgrades Big Yellow Group plc to “Overweight” (BYG)
Big Yellow Group plc (LON:BYG) was upgraded by stock analysts at Morgan Stanley to an “overweight” rating in a report issued on Thursday. The firm currently has a GBX 615 ($10.53) price objective on the stock, up from their previous price objective of GBX 445 ($7.62). Morgan Stanley’s price objective points to a potential upside of 20.47% from the stock’s previous close.
Big Yellow Group plc (LON:BYG) traded up 5.00% on Thursday, hitting GBX 525.00. 206,912 shares of the company’s stock traded hands. Big Yellow Group plc has a 52 week low of GBX 401.10 and a 52 week high of GBX 576.00. The stock’s 50-day moving average is GBX 495.6 and its 200-day moving average is GBX 514.6. The company’s market cap is £735.7 million.
BYG has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Big Yellow Group plc in a research note on Wednesday. They now have a GBX 597 ($10.22) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Big Yellow Group plc in a research note on Wednesday. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Big Yellow Group plc in a research note on Tuesday. They now have a GBX 570 ($9.76) price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 568.57 ($9.73).
Big Yellow Group PLC (LON:BYG) is a united Kingdome-based company engaged in the provision of self storage and related services.
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