Big Yellow Group (LON:BYG) Stock Price Crosses Above 200-Day Moving Average on Analyst Downgrade

Big Yellow Group Plc (LON:BYG)’s stock price crossed above its 200-day moving average during trading on Wednesday after Deutsche Bank Aktiengesellschaft upgraded the stock to a buy rating. The stock has a 200-day moving average of GBX 978.17 and traded as high as GBX 1,150. Deutsche Bank Aktiengesellschaft now has a GBX 1,200 price target on the stock, down from their previous price target of GBX 1,300. Big Yellow Group shares last traded at GBX 1,134, with a volume of 729,687 shares changing hands.

Big Yellow Group Price Performance

The stock has a 50-day simple moving average of GBX 995.52 and a 200 day simple moving average of GBX 978.17. 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 company has a market cap of £2.22 billion, a P/E ratio of 11.03, 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.