Big Yellow Group (LON:BYG) Stock Rating Lowered by Bank of America

Big Yellow Group (LON:BYG) was downgraded by Bank of America to a “neutral” rating in a research note issued on Tuesday, Stock Target Advisor reports.

Other equities analysts have also issued reports about the stock. Peel Hunt restated a “hold” rating on shares of Big Yellow Group in a research report on Tuesday, January 7th. HSBC lowered shares of Big Yellow Group to a “hold” rating in a research report on Friday, September 27th. Morgan Stanley lowered shares of Big Yellow Group to an “underweight” rating and reduced their price target for the company from GBX 1,075 ($14.14) to GBX 1,000 ($13.15) in a research report on Friday, November 29th. Liberum Capital restated a “hold” rating and issued a GBX 1,100 ($14.47) price target on shares of Big Yellow Group in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada boosted their price target on shares of Big Yellow Group from GBX 975 ($12.83) to GBX 1,000 ($13.15) and gave the company an “underperform” rating in a research report on Monday, December 16th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 1,072.78 ($14.11).

LON:BYG traded down GBX 15 ($0.20) on Tuesday, reaching GBX 1,151 ($15.14). The stock had a trading volume of 141,420 shares, compared to its average volume of 265,567. The company has a market capitalization of $1.92 billion and a P/E ratio of 11.89. Big Yellow Group has a 1-year low of GBX 867.50 ($11.41) and a 1-year high of GBX 1,218 ($16.02). The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 30.83. The stock has a fifty day moving average price of GBX 1,160.92 and a 200-day moving average price of GBX 1,081.67.

In other news, insider James Gibson sold 1,300 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of GBX 1,182 ($15.55), for a total transaction of £15,366 ($20,213.10).

Big Yellow Group Company Profile

Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 97 stores, including 22 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further eleven Big Yellow self storage development sites (including two extension sites), of which two have planning consent.

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Analyst Recommendations for Big Yellow Group (LON:BYG)

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