November 23, 2016 - By Richard Conner
In a note revealed to investors on today, JP Morgan Cazenove restate their Underweight rating on Big Yellow Group Plc (LON:BYG)‘s stock. The TP means a potential upside of 22.53% from company’s last stock close price.
Out of 12 analysts covering Big Yellow Group (LON:BYG), 6 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 50% are positive. GBX 995 is the highest target while GBX 654 is the lowest. The GBX 777.50 average target is 17.45% above today’s (GBX 662) stock price. Big Yellow Group has been the topic of 60 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, December 16 by JP Morgan. Liberum Capital upgraded the stock to “Buy” rating in Tuesday, November 1 report. JP Morgan downgraded it to “Underweight” rating and GBX 865 target price in Wednesday, June 22 report. Stifel Nicolaus maintained the shares of BYG in a report on Tuesday, August 25 with “Buy” rating. The stock of Big Yellow Group plc (LON:BYG) earned “Conviction Buy” rating by Goldman Sachs on Tuesday, September 15. The rating was maintained by Citigroup on Thursday, October 22 with “Neutral”. The rating was maintained by Goldman Sachs on Tuesday, November 3 with “Conviction Buy”. The firm earned “Hold” rating on Tuesday, May 24 by Liberum Capital. Numis Securities maintained the shares of BYG in a report on Tuesday, November 22 with “Add” rating. As per Tuesday, February 9, the company rating was maintained by Goldman Sachs.
About 32,810 shares traded hands. Big Yellow Group plc (LON:BYG) has declined 13.79% since April 26, 2016 and is downtrending. It has underperformed by 19.12% the S&P500.
Big Yellow Group PLC is a United Kingdom company, which is engaged in the provision of self-storage and related services. The company has a market cap of 1.04 billion GBP. The Firm operates from a platform of approximately 89 stores, including 16 stores branded as Armadillo Self Storage. It has a 9.53 P/E ratio. The Firm also owns over seven Big Yellow self-storage development sites , of which two have planning consent.
More recent Big Yellow Group plc (LON:BYG) news were published by: Fool.Co.Uk which released: “Boring but brilliant: Hoard your cash with Big Yellow Group plc and Safestore …” on May 24, 2016. Also Fool.Co.Uk published the news titled: “Why HSBC Holdings plc, Greggs PLC & Big Yellow Group PLC Are Stunning Growth …” on January 12, 2016. Fool.Co.Uk‘s news article titled: “Why I Would Buy Big Yellow Group plc, Finsbury Food Group plc And AstraZeneca plc” with publication date: July 16, 2015 was also an interesting one.
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