Following an update released by analysts at numis on Tuesday the broker has now set a ‘Add’ rating on shares of Big Yellow Group (LON:BYG) with a price target of 787.
On Tuesday numis reiterated its target for shares of Big Yellow Group as ‘Add’ recommending a target price of 787 for investors; potentially meaning there is an increase of 9.99% from Big Yellow Group’s share price of 715.5.
Big Yellow Group has 156,642,000 shares currently held by shareholders which currently trade around the 715.5 mark which totals Big Yellow Group’s market capitalisation to 1.12B GBP.
The business has a 50 day moving average of 665.57 and a 200 day moving average of 716.33 whilst the 52 week high shares of Big Yellow Group have reached is 893.5 and the 52 week low is 629.5.
Big Yellow Group PLC is a United Kingdom-based company, which is engaged in the provision of self-storage and related services. The Company operates from a platform of approximately 89 stores, including 16 stores branded as Armadillo Self Storage. The Company also owns over seven Big Yellow self-storage development sites (including two extensions sites), of which two have planning consent. The maximum lettable area of this platform is approximately 5.3 million square feet. Of the Big Yellow stores and sites, approximately 96% by value are held freehold and long leasehold; with the remaining over 4% short leasehold. Its subsidiaries include Big Yellow Self Storage Company Limited, which is a general partner; Big Yellow Construction Company Limited, which is engaged in construction management; Big Yellow Holding Company Limited, which is a holding company; BYRCo Limited, which is engaged in property management, and Big Yellow (Battersea) Limited, which is engaged in self storage.