Big Yellow Group (LON:BYG) was downgraded by equities researchers at Goldman Sachs to a “neutral” rating in a research report issued on Wednesday, March 14th. They presently have a GBX 960 ($13.48) price objective on the stock. Goldman Sachs’ target price points to a potential upside of 9.40% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. JPMorgan Chase reiterated an “overweight” rating and issued a GBX 950 ($13.34) price objective on shares of Big Yellow Group in a research note on Monday, January 15th. Morgan Stanley increased their target price on shares of Big Yellow Group from GBX 830 ($11.65) to GBX 900 ($12.63) and gave the company an “equal weight” rating in a research report on Tuesday, March 13th. Berenberg Bank raised shares of Big Yellow Group to a “buy” rating and increased their target price for the company from GBX 820 ($11.51) to GBX 920 ($12.91) in a research report on Wednesday, January 17th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 800 ($11.23) price objective on shares of Big Yellow Group in a report on Tuesday, November 21st. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 835 ($11.72) price objective on shares of Big Yellow Group in a report on Thursday, January 18th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 895 ($12.56).
Shares of BYG traded down GBX 7 ($0.10) on Wednesday, reaching GBX 877.50 ($12.32). The company’s stock had a trading volume of 145,319 shares, compared to its average volume of 265,567. Big Yellow Group has a twelve month low of GBX 694.50 ($9.75) and a twelve month high of GBX 910.50 ($12.78).
In other news, insider Vince Niblett bought 3,000 shares of the stock in a transaction on Tuesday, March 20th. The shares were acquired at an average cost of GBX 867 ($12.17) per share, for a total transaction of £26,010 ($36,510.39).
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Big Yellow Group Company Profile
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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