Big Yellow Group (LON:BYG) Stock Rating Lowered by The Goldman Sachs Group

Big Yellow Group (LON:BYG) was downgraded by The Goldman Sachs Group to a “sell” rating in a report released on Monday,London Stock Exchange reports. They presently have a GBX 860 price objective on the stock, down from their prior price objective of GBX 1,140. The Goldman Sachs Group’s price target points to a potential upside of 0.58% from the company’s current price.

Several other research analysts also recently weighed in on BYG. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,383 target price on shares of Big Yellow Group in a research note on Tuesday, January 20th. Jefferies Financial Group raised shares of Big Yellow Group to a “buy” rating and boosted their price target for the stock from GBX 1,200 to GBX 1,225 in a report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,227.17.

Big Yellow Group Price Performance

LON BYG traded down GBX 10 during trading hours on Monday, reaching GBX 855. The company’s stock had a trading volume of 894,751 shares, compared to its average volume of 2,100,650. The firm has a market capitalization of £1.68 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 2.40 and a beta of 0.88. The company’s 50-day moving average is GBX 994.32 and its two-hundred day moving average is GBX 1,030.95. The company has a debt-to-equity ratio of 17.84, a current ratio of 0.26 and a quick ratio of 0.29. Big Yellow Group has a 1-year low of GBX 829 and a 1-year high of GBX 1,208.

Insider Activity

In other news, insider Nicholas Vetch purchased 32,915 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average cost of GBX 846 per share, for a total transaction of £278,460.90. 12.87% of the stock is owned by corporate insiders.

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.