Numis Securities Reaffirms “Hold” Rating for Big Yellow Group (BYG)
A number of other equities research analysts also recently commented on the company. Peel Hunt increased their price objective on Big Yellow Group from GBX 800 ($10.42) to GBX 900 ($11.72) and gave the company a hold rating in a research report on Tuesday, May 22nd. Liberum Capital reiterated a hold rating on shares of Big Yellow Group in a research report on Tuesday, May 22nd. Berenberg Bank downgraded Big Yellow Group to a hold rating and increased their price objective for the company from GBX 920 ($11.98) to GBX 1,000 ($13.03) in a research report on Monday, June 4th. Citigroup reiterated a neutral rating and set a GBX 945 ($12.31) price objective on shares of Big Yellow Group in a research report on Thursday. Finally, JPMorgan Chase & Co. downgraded Big Yellow Group to a neutral rating and set a GBX 950 ($12.37) price objective for the company. in a research report on Friday, May 25th. Nine research analysts have rated the stock with a hold rating, Big Yellow Group presently has a consensus rating of Hold and a consensus target price of GBX 930.56 ($12.12).
BYG opened at GBX 977.50 ($12.73) on Thursday. Big Yellow Group has a 1-year low of GBX 694.50 ($9.05) and a 1-year high of GBX 910.50 ($11.86).
Big Yellow Group Company Profile
Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 96 stores, including 22 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further ten Big Yellow self storage development sites (including one extension site), of which three have planning consent.
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