Research analysts at HSBC assumed coverage on shares of Big Yellow Group (LON:BYG) in a report released on Tuesday. The brokerage set a “buy” rating and a GBX 1,060 ($13.85) price target on the stock. HSBC’s price target would indicate a potential upside of 13.55% from the company’s previous close.
Several other research firms have also recently commented on BYG. Goldman Sachs Group reduced their price target on Big Yellow Group from GBX 993 ($12.98) to GBX 972 ($12.70) and set a “neutral” rating for the company in a report on Friday, January 25th. Liberum Capital reissued a “hold” rating on shares of Big Yellow Group in a research report on Tuesday, January 15th. Berenberg Bank downgraded Big Yellow Group to a “hold” rating and dropped their price target for the stock from GBX 1,000 ($13.07) to GBX 950 ($12.41) in a research report on Monday, January 28th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of Big Yellow Group in a research report on Tuesday, January 15th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 962.75 ($12.58).
LON:BYG opened at GBX 933.50 ($12.20) on Tuesday. Big Yellow Group has a 52-week low of GBX 694.50 ($9.07) and a 52-week high of GBX 910.50 ($11.90).
Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 97 stores, including 22 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further eleven Big Yellow self storage development sites (including two extension sites), of which two have planning consent.
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