Big Yellow Group (LON:BYG) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Big Yellow Group Plc (LON:BYG) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,032.27 and traded as low as GBX 891. Big Yellow Group shares last traded at GBX 908, with a volume of 14,582,097 shares traded.

Analyst Ratings Changes

Several brokerages recently issued reports on BYG. Jefferies Financial Group upgraded Big Yellow Group to a “buy” rating and boosted their price target for the company from GBX 1,200 to GBX 1,225 in a research note on Monday, January 26th. Peel Hunt reiterated a “buy” rating and set a GBX 1,310 target price on shares of Big Yellow Group in a research report on Tuesday, November 18th. Berenberg Bank restated a “buy” rating and issued a GBX 1,383 price target on shares of Big Yellow Group in a research report on Tuesday, January 20th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,385 price target on shares of Big Yellow Group in a research note on Tuesday, November 18th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 1,300.60.

Big Yellow Group Stock Down 1.0%

The firm has a 50 day simple moving average of GBX 1,033.83 and a two-hundred day simple moving average of GBX 1,032.27. The stock has a market capitalization of £1.78 billion, a P/E ratio of 13.72, a PEG ratio of 2.40 and a beta of 0.88. The company has a quick ratio of 0.29, a current ratio of 0.26 and a debt-to-equity ratio of 17.84.

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.