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The latest announcement is out from Big Yellow Group ( (GB:BYG) ).
Big Yellow Group PLC has announced gaining planning approval for a 58,000 sq ft self-storage facility in Leicester, marking its entry into a new market. The facility, expected to open in late 2027, is anticipated to deliver an 8.7% net operating income return upon stabilization, adding to the company’s already sizeable development pipeline, which now includes planning consent for 10 out of 13 upcoming stores.
The most recent analyst rating on (GB:BYG) stock is a Hold with a £1120.00 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 Neutral.
Big Yellow Group’s overall stock score is driven by strong financial performance and strategic expansion efforts, which are slightly offset by bearish technical indicators and potential cost challenges from increased property rates. The company’s moderate valuation and attractive dividend yield provide additional support to the score.
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 secure and flexible storage solutions for individual and business customers. The company focuses on leveraging strategic real estate to expand its footprint and enhance market reach, catering to growing demand in the UK storage sector.
Average Trading Volume: 670,002
Technical Sentiment Signal: Sell
Current Market Cap: £1.95B
For a thorough assessment of BYG stock, go to TipRanks’ Stock Analysis page.