Big Yellow Group (LON:BYG) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Big Yellow Group Plc (LON:BYG)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,024.47 and traded as low as GBX 877.50. Big Yellow Group shares last traded at GBX 887.50, with a volume of 517,740 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BYG. Berenberg Bank reiterated a “buy” rating and set a GBX 1,383 price target on shares of Big Yellow Group in a report on Tuesday, January 20th. Jefferies Financial Group raised shares of Big Yellow Group to a “buy” rating and upped their price target for the company from GBX 1,200 to GBX 1,225 in a research report on Monday, January 26th. Finally, The Goldman Sachs Group cut shares of Big Yellow Group to a “sell” rating and cut their price target for the company from GBX 1,140 to GBX 860 in a research report on Monday, March 30th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,227.17.

Big Yellow Group Stock Up 0.2%

The company has a quick ratio of 0.29, a current ratio of 0.26 and a debt-to-equity ratio of 17.84. The firm has a market cap of £1.74 billion, a P/E ratio of 13.41, a PEG ratio of 2.40 and a beta of 0.96. The stock’s 50-day simple moving average is GBX 950.37 and its 200 day simple moving average is GBX 1,024.47.

Insiders Place Their Bets

In related news, insider Nicholas Vetch purchased 32,915 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was purchased at an average cost of GBX 846 per share, with a total value of £278,460.90. Company insiders own 12.87% of the company’s stock.

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.