Big Yellow Group (BYG) Price Target Raised to GBX 1,025 at Morgan Stanley

Big Yellow Group (LON:BYG) had its price objective lifted by Morgan Stanley from GBX 950 ($12.41) to GBX 1,025 ($13.39) in a research report report published on Thursday. Morgan Stanley currently has an equal weight rating on the stock.

BYG has been the subject of several other reports. Peel Hunt reiterated a hold rating on shares of Big Yellow Group in a report on Thursday, December 13th. HSBC began coverage on Big Yellow Group in a report on Tuesday, February 12th. They set a buy rating and a GBX 1,060 ($13.85) price objective for the company. Liberum Capital reiterated a hold rating on shares of Big Yellow Group in a report on Wednesday, December 5th. Goldman Sachs Group lowered Big Yellow Group to a neutral rating and increased their price objective for the stock from GBX 978 ($12.78) to GBX 993 ($12.98) in a report on Friday, December 21st. Finally, Berenberg Bank lowered Big Yellow Group to a hold rating and cut their price objective for the stock from GBX 1,000 ($13.07) to GBX 950 ($12.41) in a report on Monday, January 28th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 978.38 ($12.78).

Shares of Big Yellow Group stock traded up GBX 11.50 ($0.15) during midday trading on Thursday, hitting GBX 992.50 ($12.97). The company’s stock had a trading volume of 199,961 shares, compared to its average volume of 265,567. The company has a quick ratio of 0.31, a current ratio of 0.54 and a debt-to-equity ratio of 27.37. Big Yellow Group has a 1-year low of GBX 817 ($10.68) and a 1-year high of GBX 997.50 ($13.03). The stock has a market cap of $1.62 billion and a PE ratio of 13.50.

In other news, insider Nicholas Vetch sold 324,593 shares of Big Yellow Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of GBX 988 ($12.91), for a total value of £3,206,978.84 ($4,190,485.87).

Big Yellow Group Company Profile

Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 97 stores, including 22 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further eleven Big Yellow self storage development sites (including two extension sites), of which two have planning consent.

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Analyst Recommendations for Big Yellow Group (LON:BYG)

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