Big Yellow Group (BYG)

Sector:

Property Investment Trusts

Index:

FTSE 250

1,064.00p
   
  • Change Today:
      7.00p
  • 52 Week High: 1,239.00
  • 52 Week Low: 910.00
  • Currency: UK Pounds
  • Shares Issued: 196.20m
  • Volume: 128,125
  • Market Cap: £2,087.52m
  • RiskGrade: 109

Liberum upgrades Big Yellow to 'buy', hikes target price

By Alexander Bueso

Date: Tuesday 23 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Liberum upgraded their recommendation for shares of Big Yellow from 'hold' to 'buy', labelling the storage company's latest interims as "strong".
Demand for the group's services was "robust", they said, despite volatility on the domestic side of things and with its recent acquisition, Armadillo, trading ahead of underwrite.

Furthermore, while they saw signs that occupancy was "normalising", they believed that the company's "very strong" rate of growth in rates would compound future earnings.

All told, they raised their estimate for Big Yellow's fully diluted earnings per share in 2022 by approximately 11% to 52.0p.

"We think land scarcity and Big Yellow's quality London sites will drive enough capital value growth to warrant further expansion."

The analysts also hiked their target price for the group's shares from 1,550.0p to 1,720.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BYG Market Data

Currency UK Pounds
Share Price 1,064.00p
Change Today 7.00p
% Change 0.66 %
52 Week High 1,239.00
52 Week Low 910.00
Volume 128,125
Shares Issued 196.20m
Market Cap £2,087.52m
RiskGrade 109

BYG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.55% below the market average59.55% below the market average59.55% below the market average59.55% below the market average59.55% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Price Trend
1.83% above the market average1.83% above the market average1.83% above the market average1.83% above the market average1.83% above the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Income
13.89% above the market average13.89% above the market average13.89% above the market average13.89% above the market average13.89% above the market average
28% below the sector average28% below the sector average28% below the sector average28% below the sector average28% below the sector average
Growth
6.67% below the market average6.67% below the market average6.67% below the market average6.67% below the market average6.67% below the market average
35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 9
Sell 0
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BYG Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Jan-24 06-Jul-23
Paid 26-Jan-24 28-Jul-23
Amount 22.60p 22.90p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 100,574 @ 1,064.00p
16:35 325 @ 1,064.00p
16:35 82 @ 1,064.00p
16:35 72 @ 1,064.00p
16:35 248 @ 1,064.00p

BYG Key Personnel

CEO James Gibson
CFO John Trotman

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