Big Yellow Group’s (BYG) Hold Rating Reiterated at Jefferies Group

Big Yellow Group (LON:BYG)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group in a research report issued on Thursday. They presently have a GBX 835 ($11.32) target price on the stock. Jefferies Group’s price target indicates a potential downside of 0.42% from the company’s previous close.

BYG has been the subject of a number of other reports. Liberum Capital reaffirmed a “hold” rating and set a GBX 860 ($11.66) price objective on shares of Big Yellow Group in a research note on Tuesday, December 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 950 ($12.88) price objective on shares of Big Yellow Group in a research note on Monday. Numis Securities reissued an “add” rating and issued a GBX 885 ($12.00) price target on shares of Big Yellow Group in a research report on Wednesday, January 10th. Goldman Sachs Group reissued a “buy” rating and issued a GBX 946 ($12.83) price target on shares of Big Yellow Group in a research report on Wednesday, September 27th. Finally, Berenberg Bank raised shares of Big Yellow Group to a “buy” rating and increased their price target for the stock from GBX 820 ($11.12) to GBX 920 ($12.48) in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 878 ($11.91).

Big Yellow Group (LON BYG) traded up GBX 1 ($0.01) during mid-day trading on Thursday, reaching GBX 838.50 ($11.37). 250,262 shares of the company’s stock were exchanged, compared to its average volume of 342,405. Big Yellow Group has a 52 week low of GBX 659 ($8.94) and a 52 week high of GBX 877 ($11.89). The stock has a market capitalization of $1,330.00 and a price-to-earnings ratio of 1,103.29.

In other news, insider Nicholas Vetch sold 120,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of GBX 841 ($11.40), for a total value of £1,009,200 ($1,368,592.35).

WARNING: “Big Yellow Group’s (BYG) Hold Rating Reiterated at Jefferies Group” was first reported by American Banking News and is the property of of American Banking News. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/18/big-yellow-groups-byg-hold-rating-reiterated-at-jefferies-group.html.

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.

Analyst Recommendations for Big Yellow Group (LON:BYG)

Receive News & Ratings for Big Yellow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Yellow Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply