Big Yellow Group (BYG) Lifted to Buy at Berenberg Bank
Big Yellow Group (LON:BYG) was upgraded by equities researchers at Berenberg Bank to a “buy” rating in a report issued on Wednesday. The brokerage presently has a GBX 920 ($12.48) target price on the stock, up from their prior target price of GBX 820 ($11.12). Berenberg Bank’s price target suggests a potential upside of 8.11% from the company’s current price.
Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 950 ($12.88) price target on shares of Big Yellow Group in a research note on Monday. Liberum Capital reiterated a “hold” rating and issued a GBX 800 ($10.85) target price on shares of Big Yellow Group in a research note on Tuesday, November 21st. Numis Securities reiterated an “add” rating and issued a GBX 885 ($12.00) target price on shares of Big Yellow Group in a research note on Wednesday, January 10th. Jefferies Group reiterated a “hold” rating and issued a GBX 795 ($10.78) target price on shares of Big Yellow Group in a research note on Wednesday, November 22nd. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a GBX 946 ($12.83) target price on shares of Big Yellow Group in a research note on Wednesday, September 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Big Yellow Group currently has a consensus rating of “Hold” and an average target price of GBX 872.29 ($11.83).
Shares of Big Yellow Group (LON:BYG) opened at GBX 851 ($11.54) on Wednesday. The company has a market cap of $1,350.00 and a price-to-earnings ratio of 1,119.74. Big Yellow Group has a one year low of GBX 659 ($8.94) and a one year high of GBX 877 ($11.89).
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About Big Yellow Group
Big Yellow Group PLC is a United Kingdom-based company, which is engaged in the provision of self-storage and related services. The Company operates from a platform of approximately 89 stores, including 16 stores branded as Armadillo Self Storage. The Company also owns over seven Big Yellow self-storage development sites (including two extensions sites), of which two have planning consent.
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