The stock of Big Yellow Group plc (LON:BYG) hit a new 52-week low and has GBX 635.55 target or 5.00% below today’s GBX 669.00 share price. The 6 months bearish chart indicates high risk for the GBX 1.06B company. The 1-year low was reported on Nov, 22 by Barchart.com. If the GBX 635.55 price target is reached, the company will be worth GBX 53.00 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 0.15% or GBX 1 on November 22, hitting GBX 669. About 560,319 shares traded hands or 72.66% up from the average. Big Yellow Group plc (LON:BYG) has declined 12.43% since April 25, 2016 and is downtrending. It has underperformed by 16.99% the S&P500.
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 780.50 average target is 16.67% above today’s (GBX 669) stock price. Big Yellow Group has been the topic of 58 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies on Monday, September 21 with “Hold”. The firm has “Hold” rating given on Monday, September 28 by Jefferies. Numis Securities maintained it with “Add” rating and GBX 905 target price in Thursday, March 24 report. The stock of Big Yellow Group plc (LON:BYG) has “Hold” rating given on Monday, November 23 by Jefferies. Goldman Sachs maintained Big Yellow Group plc (LON:BYG) rating on Tuesday, February 9. Goldman Sachs has “Buy” rating and GBX 775 price target. On Thursday, May 12 the stock rating was maintained by JP Morgan with “Neutral”. Numis Securities maintained the stock with “Add” rating in Tuesday, November 22 report. Liberum Capital maintained the shares of BYG in a report on Tuesday, January 12 with “Hold” rating. As per Wednesday, August 31, the company rating was maintained by Morgan Stanley. As per Tuesday, August 2, the company rating was upgraded by Numis Securities.
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.
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 1.06 billion GBP. The Firm operates from a platform of approximately 89 stores, including 16 stores branded as Armadillo Self Storage. It has a 9.43 P/E ratio. The Firm also owns over seven Big Yellow self-storage development sites , of which two have planning consent.
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