Big Yellow Group (LON:BYG) Shares Up 17.5% – Time to Buy?

Big Yellow Group Plc (LON:BYG)’s stock price was up 17.5% on Monday . The company traded as high as GBX 1,178 ($15.72) and last traded at GBX 1,134 ($15.13). Approximately 1,556,239 shares traded hands during trading, an increase of 83% from the average daily volume of 852,296 shares. The stock had previously closed at GBX 965 ($12.87).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Big Yellow Group to a “buy” rating and decreased their price target for the stock from GBX 1,300 to GBX 1,200 in a research note on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 1,200.

Big Yellow Group Price Performance

The company has a market cap of £2.23 billion, a price-to-earnings ratio of 1,108.95, a PEG ratio of 2.40 and a beta of 0.72. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 16.68. The company’s 50 day moving average price is GBX 939.11 and its 200 day moving average price is GBX 956.26.

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.