Jefferies analyst Mike Prew upgraded Big Yellow Group (BYLOF) to Buy from Hold with a 1,224 GBp price target Like all self-storage operators, Big Yellow Group is balancing occupancy vs. rates with hotel-like economics, the firm says, adding that it forecasts modest EPS growth for the company, which seems sensibly debt adverse with a 3-turns ND/EBITDA ratio and a 3-4-turns target range.
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Read More on BYLOF:
- Big Yellow Group upgraded to Buy from Hold at Investec
- Big Yellow Group Reports Revenue Growth and Expansion Plans Amid Market Challenges
- Big Yellow Group PLC to Announce Q3 Financial Results
- Big Yellow Group PLC Announces Total Voting Rights for 2024
- Big Yellow Group price target lowered to 1,180 GBp from 1,300 GBp at Barclays
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