Analysts Set Big Yellow Group plc (BYG) Target Price at $983.67
Big Yellow Group plc (LON:BYG) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 983.67 ($12.85).
BYG has been the subject of several recent research reports. Berenberg Bank lowered Big Yellow Group to a “hold” rating and lowered their price objective for the company from GBX 1,000 ($13.07) to GBX 950 ($12.41) in a research report on Monday, January 28th. Goldman Sachs Group lowered their price target on Big Yellow Group from GBX 993 ($12.98) to GBX 972 ($12.70) and set a “neutral” rating for the company in a research report on Friday, January 25th. HSBC assumed coverage on Big Yellow Group in a research report on Tuesday, February 12th. They issued a “buy” rating and a GBX 1,060 ($13.85) price target for the company. Peel Hunt reaffirmed a “hold” rating on shares of Big Yellow Group in a research report on Tuesday, February 19th. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Big Yellow Group in a research report on Friday, February 8th.
In other news, insider Nicholas Vetch sold 375,407 shares of Big Yellow Group stock in a transaction dated Friday, March 15th. The stock was sold at an average price of GBX 984 ($12.86), for a total value of £3,694,004.88 ($4,826,871.66).
About Big Yellow Group
Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 97 stores, including 22 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further eleven Big Yellow self storage development sites (including two extension sites), of which two have planning consent.
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