Big Yellow Group (LON:BYG) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Big Yellow Group Plc (LON:BYG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,015.88 and traded as high as GBX 1,040. Big Yellow Group shares last traded at GBX 1,034, with a volume of 1,076,316 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Peel Hunt reissued a “buy” rating and issued a GBX 1,310 price objective on shares of Big Yellow Group in a research report on Tuesday, November 18th. Jefferies Financial Group raised shares of Big Yellow Group to a “buy” rating and increased their price target for the company from GBX 1,200 to GBX 1,225 in a report on Monday, January 26th. Berenberg Bank restated a “buy” rating and set a GBX 1,383 price objective on shares of Big Yellow Group in a report on Tuesday, January 20th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 1,385 price objective on shares of Big Yellow Group in a research report on Tuesday, November 18th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 1,300.60.

Big Yellow Group Stock Up 0.4%

The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 16.68. The business has a fifty day simple moving average of GBX 1,045.20 and a two-hundred day simple moving average of GBX 1,015.88. The company has a market capitalization of £2.03 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 2.40 and a beta of 0.72.

Big Yellow Group (LON:BYG) last issued its earnings results on Monday, November 17th. The company reported GBX 30 earnings per share (EPS) for the quarter. Big Yellow Group had a return on equity of 10.18% and a net margin of 120.15%. Equities analysts expect that Big Yellow Group Plc will post 57.4799434 EPS for the current year.

About Big Yellow Group

Big Yellow is the UK’s brand leader in self storage.
Our diverse customer base, strong brand and location of our 109 stores helps us deliver a resilient performance.
We are committed to innovation in customer engagement, harnessing technology and investing in the development of our store teams. This dedication puts exceptional customer service at the heart of what we do, whilst ensuring we continue to operate a sustainable business.