Big Yellow Group (LON:BYG) Lowered to “Sell” Rating by The Goldman Sachs Group

The Goldman Sachs Group cut shares of Big Yellow Group (LON:BYG) to a sell rating in a research note issued to investors on Monday,London Stock Exchange reports. The firm currently has GBX 860 target price on the stock, down from their previous target price of GBX 1,140.

A number of other equities analysts have also issued reports on the company. Jefferies Financial Group raised Big Yellow Group to a “buy” rating and increased their price target for the company from GBX 1,200 to GBX 1,225 in a research note on Monday, January 26th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,383 target price on shares of Big Yellow Group in a research report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Big Yellow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,227.17.

Big Yellow Group Price Performance

Shares of BYG opened at GBX 855 on Monday. The stock’s fifty day moving average is GBX 990.06 and its 200-day moving average is GBX 1,030.51. The firm has a market capitalization of £1.68 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 2.40 and a beta of 0.88. The company has a debt-to-equity ratio of 17.84, a quick ratio of 0.29 and a current ratio of 0.26. Big Yellow Group has a one year low of GBX 829 and a one year high of GBX 1,208.

Insiders Place Their Bets

In related news, insider Nicholas Vetch sold 54,731 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of GBX 913, for a total transaction of £499,694.03. 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.