Big Yellow Group Plc (LON:BYG) Receives a Downgrade
JP Morgan Cazenove has just downgraded their rating on shares of Big Yellow Group Plc (LON:BYG) to a Neutral and currently has a GBX 850.00 PT on the stock. This was issued in a recent research report on Wednesday morning.
From a total of 12 analysts covering Big Yellow Group (LON:BYG) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 45% of the ratings are positive. The highest target price is GBX 954 while the lowest target price is GBX 661. The mean of all analyst targets is GBX 773 with a 0.52% above today’s (GBX 785) stock price. Big Yellow Group was the topic of 27 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 14 with “Hold” rating. Numis Securities maintained shares with “Add” rating and GBX 838 target share price in a report from a November 19. Liberum Capital maintained BYG stock in a recent report from December 1 with “Hold” rating. JP Morgan maintained the rating on November 18. JP Morgan has a “Overweight” rating and a GBX 790 price target on shares. Finally, Goldman Sachs downgraded the stock to “Buy” rating in a report issued on a November 24.
The stock closed the day at GBX 785 during the previous session. It is down 11.66% since May 19, 2015 and is uptrending. It has outperformed by 15.34% the S&P500.
Big Yellow Group PLC is a United Kingdom firm engaged in the provision of self- storage and related services. The company has a market cap of 1.21 billion GBP. Big Yellow operates from a platform of approximately 84 stores. It has 9.33 P/E ratio. The Firm has a portfolio of approximately 73 Big Yellow stores and site, of which approximately 70 are open.