Will Big Yellow (BYG.L) continue this relentless rise, setting new highs?

• Currently trading at 1139.0p (at time of writing), performance has been exceptional of late.
• Will it hit resistance, or is the trend your friend?
• Is this one for momentum traders?
• The price has been moving upwards, however, past performance is not necessarily an indication of the future.
• Technical traders should be mindful of breaking news and events. This can influence price trends. Check our website and news outlets for updates.
• Shares -0% from 12-month highs; +33% from 12 month lows.

Latest News

11 Oct:  Big Yellow, the self-storage group,  said it had obtained planning permission for a new site in Hove (UK).   The new site would provide 55,500 sqft of storage space.

27 Sep:  HSBC has downgraded its rating on Big Yellow Group Plc (BYG) to hold (from buy).

09 Sep:  Nicholas Vetch, Chairman, sold 411,660 shares in the firm on the 6th September 2019 at a price of 1068.00p. This Director currently has 6,743,284 shares.

29 Jul:  Big Yellow stated that it had obtained planning permission for a 52,000 sqft site in Uxbridge, London.   Construction on the new site was expected to commence in March of next year.

19 Jul:  Big Yellow Group, the self-storage company,  said revenue increased by 4.4% in Q1 of the year (on a like for like basis), following ‘more muted’ performance during last year’s final quarter.

28 Jun:  Big Yellow stated that it had acquired a new 6.4 acre site in Harrow, London, at a cost of £20m.  The company said that the land had outline planning consent.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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