Big Yellow Group Faces Increased Property Rates After UK Budget Revaluation

Big Yellow Group ( (GB:BYG) ) has issued an announcement.

Big Yellow Group PLC has announced an update following the UK Budget’s revaluation of commercial properties, which affects their property rates. The changes will result in an increase of £1.8 million (8.5%) in their annual rates bill for the year ending March 2027, impacting 27 of their stores with a rateable value above £500,000. The company has previously succeeded in reducing rateable values for a significant portion of its properties, achieving rebates of approximately £5 million over six years. As they review the 2026 Listing, they plan to prioritize appeals to manage future costs effectively.

The most recent analyst rating on (GB:BYG) stock is a Hold with a £1045.00 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Spark’s Take on GB:BYG Stock

According to Spark, TipRanks’ AI Analyst, GB:BYG is a Outperform.

Big Yellow Group demonstrates strong financial performance with high profitability and effective cash flow management, contributing significantly to the overall score. The technical analysis indicates a bullish trend, though caution is advised due to overbought signals. The valuation is reasonable, supported by a solid dividend yield. The absence of recent earnings call insights and notable corporate events does not detract from the company’s stable outlook.

To see Spark’s full report on GB:BYG stock, click here.

More about Big Yellow Group

Big Yellow Group PLC operates in the self-storage industry, providing storage solutions across the UK. The company focuses on offering secure and flexible storage spaces for personal and business use, catering to a wide range of customer needs.

Average Trading Volume: 655,738

Technical Sentiment Signal: Strong Buy

Current Market Cap: £2.13B

For detailed information about BYG stock, go to TipRanks’ Stock Analysis page.