Rating Worth Mentioning: Goldman Sachs Gives Big Yellow Group Plc (LON:BYG) Higher Rating. What Is Next?

November 24, 2016 - By Nellie Frank

Big Yellow Group Plc (LON:BYG) Upgrade

Equity research analysts at Goldman Sachs’s equities division raised Big Yellow Group Plc (LON:BYG)‘s stock to Buy on Thursday morning. The research analysts at Goldman Sachs have a PT of GBX 885.00 on BYG or 33.48% more upside.

Big Yellow Group plc (LON:BYG) Ratings Coverage

Out of 12 analysts covering Big Yellow Group (LON:BYG), 7 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 58% are positive. GBX 995 is the highest target while GBX 654 is the lowest. The GBX 775.83 average target is 16.14% above today’s (GBX 668) stock price. Big Yellow Group has been the topic of 61 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Numis Securities on Thursday, March 24 with “Add”. The company was maintained on Tuesday, August 4 by Stifel Nicolaus. The rating was maintained by Liberum Capital on Tuesday, May 24 with “Hold”. Liberum Capital maintained Big Yellow Group plc (LON:BYG) on Wednesday, February 17 with “Hold” rating. The stock of Big Yellow Group plc (LON:BYG) earned “Buy” rating by Stifel Nicolaus on Tuesday, October 13. The rating was maintained by Numis Securities on Tuesday, October 6 with “Add”. The firm earned “Add” rating on Tuesday, January 12 by Numis Securities. Liberum Capital maintained Big Yellow Group plc (LON:BYG) rating on Friday, January 15. Liberum Capital has “Hold” rating and GBX 835 price target. The company was upgraded on Thursday, November 24 by Goldman Sachs. The rating was maintained by Numis Securities with “Add” on Tuesday, May 24.

About 238,439 shares traded hands. Big Yellow Group plc (LON:BYG) has declined 18.58% since April 27, 2016 and is downtrending. It has underperformed by 23.99% 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 1.05 billion GBP. The Firm operates from a platform of approximately 89 stores, including 16 stores branded as Armadillo Self Storage. It has a 9.62 P/E ratio. The Firm also owns over seven Big Yellow self-storage development sites , of which two have planning consent.

More important 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 article titled: “Why HSBC Holdings plc, Greggs PLC & Big Yellow Group PLC Are Stunning Growth …”, Fool.Co.Uk published: “Why I Would Buy Big Yellow Group plc, Finsbury Food Group plc And AstraZeneca plc” on July 16, 2015. More interesting news about Big Yellow Group plc (LON:BYG) was released by: Fool.Co.Uk and their article: “3 Stocks Offering 100% Returns: AstraZeneca plc, British American Tobacco plc …” with publication date: April 08, 2016.

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