Big Yellow Group (LON:BYG) Stock Passes Below 200-Day Moving Average – Should You Sell?

Big Yellow Group Plc (LON:BYG)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 875.86 and traded as low as GBX 819.50. Big Yellow Group shares last traded at GBX 829.50, with a volume of 8,625,128 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Big Yellow Group from GBX 1,250 to GBX 1,190 and set an “overweight” rating on the stock in a research report on Tuesday, June 9th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,138 price target on shares of Big Yellow Group in a report on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,186.57.

Big Yellow Group Stock Down 0.9%

The firm has a market cap of £1.61 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92. The stock’s fifty day moving average is GBX 871.66 and its two-hundred day moving average is GBX 874.90. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 19.31.

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.