Big Yellow Group (LON:BYG) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Big Yellow Group Plc (LON:BYG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,019.93 and traded as high as GBX 1,046. Big Yellow Group shares last traded at GBX 1,038, with a volume of 1,110,101 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on BYG shares. Liberum Capital reiterated a “buy” rating and issued a GBX 1,385 target price on shares of Big Yellow Group in a report on Tuesday, November 18th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,310 price objective on shares of Big Yellow Group in a research report on Tuesday, November 18th. Jefferies Financial Group upgraded Big Yellow Group to a “buy” rating and upped their price target for the stock from GBX 1,200 to GBX 1,225 in a research note on Monday, January 26th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,383 target price on shares of Big Yellow Group in a report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Big Yellow Group presently has an average rating of “Buy” and a consensus price target of GBX 1,300.60.

Big Yellow Group Trading Up 0.6%

The company has a debt-to-equity ratio of 16.68, a quick ratio of 0.29 and a current ratio of 0.36. The business’s 50 day moving average price is GBX 1,034.84 and its 200-day moving average price is GBX 1,019.93. The company has a market cap of £2.03 billion, a price-to-earnings ratio of 15.68, a PEG 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%. On average, research analysts forecast that Big Yellow Group Plc will post 57.4799434 EPS for the current year.

Big Yellow Group Company Profile

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.