Peel Hunt Reaffirms Hold Rating for Big Yellow Group (LON:BYG)
Peel Hunt reissued their hold rating on shares of Big Yellow Group (LON:BYG) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut Big Yellow Group to an underweight rating and lifted their price target for the company from GBX 1,050 ($13.81) to GBX 1,150 ($15.13) in a report on Thursday, January 16th. Royal Bank of Canada lifted their price target on Big Yellow Group from GBX 975 ($12.83) to GBX 1,000 ($13.15) and gave the company an underperform rating in a report on Monday, December 16th. Numis Securities cut Big Yellow Group to a reduce rating in a report on Wednesday, February 5th. Morgan Stanley cut Big Yellow Group to an underweight rating and cut their price target for the company from GBX 1,075 ($14.14) to GBX 1,000 ($13.15) in a report on Friday, November 29th. Finally, Bank of America cut Big Yellow Group to a neutral rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 1,120.13 ($14.73).
Big Yellow Group stock opened at GBX 1,188 ($15.63) on Tuesday. The stock has a 50-day simple moving average of GBX 1,178.36 and a 200 day simple moving average of GBX 1,104.74. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 30.83. Big Yellow Group has a 12-month low of GBX 924.50 ($12.16) and a 12-month high of GBX 1,218 ($16.02). The stock has a market capitalization of $1.99 billion and a price-to-earnings ratio of 12.27.
About Big Yellow Group
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.
Further Reading: Relative Strength Index
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