Big Yellow Group (LON:BYG) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?
by Teresa Graham · The Cerbat GemBig Yellow Group Plc (LON:BYG – Get Free Report)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,020.86 and traded as low as GBX 907. Big Yellow Group shares last traded at GBX 912.54, with a volume of 357,641 shares.
Analyst Ratings Changes
BYG has been the topic of a number of research analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 1,383 price target on shares of Big Yellow Group in a report on Tuesday, January 20th. Jefferies Financial Group raised shares of Big Yellow Group to a “buy” rating and increased their price target for the stock from GBX 1,200 to GBX 1,225 in a report on Monday, January 26th. Finally, The Goldman Sachs Group lowered shares of Big Yellow Group to a “sell” rating and decreased their price target for the stock from GBX 1,140 to GBX 860 in a report on Monday, March 30th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,227.17.
Check Out Our Latest Stock Report on BYG
Big Yellow Group Stock Down 0.7%
The stock’s fifty day moving average price is GBX 932.32 and its 200 day moving average price is GBX 1,020.10. The stock has a market cap of £1.77 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 2.40 and a beta of 0.96. The company has a current ratio of 0.26, a quick ratio of 0.29 and a debt-to-equity ratio of 17.84.
Insider Activity at Big Yellow Group
In other news, insider Nicholas Vetch sold 54,731 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of GBX 913, for a total value of £499,694.03. 12.87% of the stock is owned by insiders.
About Big Yellow Group
Big Yellow is the UK’s brand leader in self storage.
Our diverse customer base, strong brand and location of our 109 stores helps us deliver a resilient performance.
We are committed to innovation in customer engagement, harnessing technology and investing in the development of our store teams. This dedication puts exceptional customer service at the heart of what we do, whilst ensuring we continue to operate a sustainable business.