Big Yellow Group (BYG) Downgraded by Goldman Sachs to Neutral

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).

How to Become a New Pot Stock Millionaire

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).

TRADEMARK VIOLATION WARNING: This story was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.dispatchtribunal.com/2018/04/07/big-yellow-group-byg-rating-lowered-to-neutral-at-goldman-sachs-group.html.

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.

Analyst Recommendations for Big Yellow Group (LON:BYG)

Receive News & Ratings for Big Yellow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Yellow Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply