Big Yellow Group (LON:BYG) Share Price Breaks Above 200 Day Moving Average – Here’s Why

Shares of Big Yellow Group Plc (LON:BYG) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 865.75 and traded as high as GBX 924.11. Big Yellow Group shares last traded at GBX 918, with a volume of 7,893,469 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 898 target price on shares of Big Yellow Group in a research report on Thursday, October 15th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,152.29.

Big Yellow Group Stock Up 1.0%

The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 19.31. The stock has a 50 day simple moving average of GBX 847.81 and a 200 day simple moving average of GBX 865.75. The firm has a market capitalization of £1.80 billion, a PE ratio of 14.48, a PEG ratio of 2.40 and a beta of 0.92.

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.