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

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

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised shares of Big Yellow Group to a “buy” rating and dropped their price objective for the company from GBX 1,300 to GBX 1,200 in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Big Yellow Group currently has an average rating of “Buy” and a consensus price target of GBX 1,200.

Big Yellow Group Price Performance

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 stock’s 50-day moving average is GBX 939.11 and its 200 day moving average is GBX 956.26. The stock has a market capitalization of £2.23 billion, a PE ratio of 1,108.95, a P/E/G ratio of 2.40 and a beta of 0.72.

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.