Big Yellow Group (LON:BYG) Earns Buy Rating from Berenberg Bank

Big Yellow Group (LON:BYG)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 1,383 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 32.22% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group lowered Big Yellow Group to a “hold” rating and boosted their target price for the company from GBX 1,092 to GBX 1,191 in a research note on Tuesday, October 28th. Peel Hunt reissued a “buy” rating and set a GBX 1,310 price objective on shares of Big Yellow Group in a research note on Tuesday, November 18th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,385 target price on shares of Big Yellow Group in a research note on Tuesday, November 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Big Yellow Group has an average rating of “Moderate Buy” and an average target price of GBX 1,293.80.

Big Yellow Group Trading Down 2.1%

Shares of BYG opened at GBX 1,046 on Tuesday. Big Yellow Group has a fifty-two week low of GBX 829 and a fifty-two week high of GBX 1,208. The firm has a market cap of £2.05 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 2.40 and a beta of 0.72. The firm has a 50 day moving average price of GBX 1,056.27 and a 200-day moving average price of GBX 1,008.35. 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 posted its quarterly earnings results on Monday, November 17th. The company reported GBX 30 earnings per share for the quarter. Big Yellow Group had a net margin of 120.15% and a return on equity of 10.18%. As a group, equities research analysts forecast that Big Yellow Group will post 57.4799434 earnings per share for the current year.

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.