JPMorgan Chase & Co. Reiterates Overweight Rating for Big Yellow Group (BYG)
Big Yellow Group (LON:BYG)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday. They currently have a GBX 950 ($12.88) target price on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 16.07% from the stock’s previous close.
Several other analysts have also recently commented on the company. Peel Hunt raised their price target on Big Yellow Group from GBX 700 ($9.49) to GBX 750 ($10.17) and gave the company a “hold” rating in a report on Tuesday, November 21st. Liberum Capital raised their price target on Big Yellow Group from GBX 800 ($10.85) to GBX 860 ($11.66) and gave the company a “hold” rating in a report on Monday, November 27th. Numis Securities raised Big Yellow Group to an “add” rating and set a GBX 885 ($12.00) price target for the company in a report on Wednesday, November 22nd. Jefferies Group reissued a “hold” rating and issued a GBX 795 ($10.78) price target on shares of Big Yellow Group in a report on Wednesday, November 22nd. Finally, Goldman Sachs Group reissued a “buy” rating and issued a GBX 946 ($12.83) price target on shares of Big Yellow Group in a report on Wednesday, September 27th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Big Yellow Group presently has a consensus rating of “Hold” and a consensus price target of GBX 858 ($11.64).
Big Yellow Group (BYG) traded down GBX 14 ($0.19) during trading on Monday, reaching GBX 818.50 ($11.10). The company’s stock had a trading volume of 500,847 shares, compared to its average volume of 322,449. Big Yellow Group has a 52 week low of GBX 659 ($8.94) and a 52 week high of GBX 877 ($11.89). The firm has a market cap of $1,300.00 and a PE ratio of 1,076.97.
About Big Yellow Group
Big Yellow Group PLC is a United Kingdom-based company, which is engaged in the provision of self-storage and related services. The Company operates from a platform of approximately 89 stores, including 16 stores branded as Armadillo Self Storage. The Company also owns over seven Big Yellow self-storage development sites (including two extensions sites), of which two have planning consent.
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