Berenberg Bank upgraded shares of Big Yellow Group (LON:BYG) to a buy rating in a report issued on Wednesday morning. The brokerage currently has GBX 920 ($12.48) target price on the stock, up from their prior target price of GBX 820 ($11.12).
A number of other equities analysts have also recently issued reports on BYG. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 950 ($12.88) price objective on shares of Big Yellow Group in a research note on Monday, January 15th. Numis Securities restated an add rating and issued a GBX 885 ($12.00) price objective on shares of Big Yellow Group in a research note on Wednesday, January 10th. Liberum Capital restated a hold rating and issued a GBX 860 ($11.66) price objective on shares of Big Yellow Group in a research note on Monday, January 8th. Peel Hunt increased their price objective on shares of Big Yellow Group from GBX 700 ($9.49) to GBX 750 ($10.17) and gave the company a hold rating in a research note on Tuesday, November 21st. Finally, Goldman Sachs Group restated a buy rating and issued a GBX 946 ($12.83) price objective 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 company. The stock currently has an average rating of Hold and an average target price of GBX 878 ($11.91).
Big Yellow Group (LON BYG) opened at GBX 841.50 ($11.41) on Wednesday. Big Yellow Group has a one year low of GBX 659 ($8.94) and a one year high of GBX 877 ($11.89). The stock has a market cap of $1,330.00 and a price-to-earnings ratio of 1,107.24.
In related news, insider Nicholas Vetch sold 120,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of GBX 841 ($11.40), for a total transaction of £1,009,200 ($1,368,592.35).
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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