Rating to Follow: Numis Analyst Reaffirmed GBX 797.00 Price Target on Big Yellow Group Plc (LON:BYG) stock, While Reiterating “Add” Rating

November 23, 2016 - By Michael Collier

Big Yellow Group Plc (LON:BYG) Rating

Big Yellow Group Plc (LON:BYG) had its stock rating noted as “Add” by analysts at Numis. Numis currently has a GBX 797.00 target price per share on the 1.04 billion GBP market cap company or 20.99% upside potential. This was revealed to clients and investors in a report on 23 November.

Big Yellow Group plc (LON:BYG) Ratings Coverage

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 18.25% above today’s (GBX 657.5) stock price. Big Yellow Group has been the topic of 60 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Conviction Buy” rating given on Tuesday, September 15 by Goldman Sachs. Stifel Nicolaus maintained the shares of BYG in a report on Tuesday, October 13 with “Buy” rating. Liberum Capital maintained Big Yellow Group plc (LON:BYG) on Tuesday, March 1 with “Hold” rating. JP Morgan maintained it with “Neutral” rating and GBX 850 target price in Thursday, May 12 report. The firm earned “Add” rating on Tuesday, October 6 by Numis Securities. The firm has “Hold” rating by Jefferies given on Monday, January 25. Morgan Stanley maintained Big Yellow Group plc (LON:BYG) rating on Wednesday, August 31. Morgan Stanley has “Equal Weight” rating and GBX 720 price target. The stock of Big Yellow Group plc (LON:BYG) has “Buy” rating given on Thursday, October 27 by Jefferies. The rating was maintained by Numis Securities with “Add” on Tuesday, November 22. Jefferies downgraded it to “Hold” rating and GBX 720 target price in Monday, August 24 report.

About 98,002 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 9.46 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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