Big Yellow Group (LON:BYG) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Big Yellow Group Plc (LON:BYG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,006.74 and traded as high as GBX 1,042. Big Yellow Group shares last traded at GBX 1,042, with a volume of 288,850 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BYG shares. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,385 target price on shares of Big Yellow Group in a report on Tuesday, November 18th. Jefferies Financial Group cut shares of Big Yellow Group to a “hold” rating and increased their price target for the company from GBX 1,092 to GBX 1,191 in a research report on Tuesday, October 28th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 1,310 price objective on shares of Big Yellow Group in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,271.50.

Big Yellow Group Stock Performance

The company’s 50-day moving average price is GBX 1,058.91 and its 200 day moving average price is GBX 1,006.74. The stock has a market capitalization of £2.08 billion, a PE ratio of 16.01, a PEG ratio of 2.40 and a beta of 0.72. The company has a debt-to-equity ratio of 16.68, a quick ratio of 0.29 and a current ratio of 0.36.

Big Yellow Group (LON:BYG) last released its quarterly earnings results on Monday, November 17th. The company reported GBX 30 earnings per share (EPS) for the quarter. Big Yellow Group had a net margin of 120.15% and a return on equity of 10.18%. On average, equities research analysts expect that Big Yellow Group Plc will post 57.4799434 earnings per share for the current fiscal year.

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.