Big Yellow Group (LON:BYG) Shares Cross Above 200 Day Moving Average of $1,138.76

Shares of Big Yellow Group Plc (LON:BYG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,138.76 ($15.02) and traded as high as GBX 1,278 ($16.85). Big Yellow Group shares last traded at GBX 1,246 ($16.43), with a volume of 192,764 shares.

Wall Street Analyst Weigh In

BYG has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on Big Yellow Group from GBX 1,315 ($17.34) to GBX 1,385 ($18.26) and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Berenberg Bank lifted their price target on shares of Big Yellow Group from GBX 1,186 ($15.64) to GBX 1,285 ($16.95) and gave the company a “hold” rating in a research report on Tuesday, May 21st. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,359 ($17.92) price objective on shares of Big Yellow Group in a report on Tuesday, May 21st.

Big Yellow Group Stock Down 1.7 %

The company has a debt-to-equity ratio of 16.76, a current ratio of 0.36 and a quick ratio of 0.29. The stock has a 50 day simple moving average of GBX 1,203.58 and a 200-day simple moving average of GBX 1,138.76. The firm has a market cap of £2.43 billion, a PE ratio of 988.89, a PEG ratio of 2.40 and a beta of 0.69.

About Big Yellow Group

Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 109 stores, including 24 stores branded as Armadillo Self Storage. We have a pipeline of 0.9 million sq ft comprising 13 proposed Big Yellow self storage facilities. The current maximum lettable area of the existing platform (including Armadillo) is 6.4 million sq ft.