Big Yellow Group (BYG) Hits New 12-Month High at $936.50

Big Yellow Group (LON:BYG)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 936.50 ($13.06) and last traded at GBX 921.50 ($12.85), with a volume of 179010 shares. The stock had previously closed at GBX 925 ($12.90).

Several equities analysts recently commented on the company. Morgan Stanley boosted their target price on Big Yellow Group from GBX 830 ($11.58) to GBX 900 ($12.55) and gave the stock an “equal weight” rating in a research report on Tuesday, March 13th. Peel Hunt reiterated a “hold” rating and issued a GBX 850 ($11.85) price objective (up from GBX 658 ($9.18)) on shares of Big Yellow Group in a report on Thursday, April 5th. Goldman Sachs cut Big Yellow Group to a “neutral” rating and set a GBX 960 ($13.39) price objective for the company. in a report on Wednesday, March 14th. Liberum Capital reiterated a “hold” rating and issued a GBX 860 ($11.99) price objective on shares of Big Yellow Group in a report on Monday, January 8th. Finally, Numis Securities reiterated an “add” rating and issued a GBX 885 ($12.34) price objective on shares of Big Yellow Group in a report on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 895 ($12.48).

In other Big Yellow Group news, insider Vince Niblett acquired 3,000 shares of the business’s stock in a transaction on Tuesday, March 20th. The shares were acquired at an average price of GBX 867 ($12.09) per share, with a total value of £26,010 ($36,276.15).

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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