Goldman Sachs keeps Sell rating on Big Yellow stock at GBp 790.00

Published on 10/06/2026 at 16:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 2.00 percent to GBP 209.1 million in fiscal 2026. Big Yellow stock yields 5.90 percent on a GBp 47.20 dividend.

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Big Yellow stock (ISIN GB0002869419) faces a cautious analyst view after Goldman Sachs maintained a Sell rating and a GBp 790.00 price target on September 8, 2026, according to The Globe and Mail. The target is below the wider analyst average reported by Investing.com, putting the emphasis on valuation and operating delivery.

Goldman target stays at GBp 790

The Goldman Sachs stance contrasts with the broader analyst picture. Investing.com listed 15 analysts, with nine Buy ratings, three Holds and three Sells, alongside an average 12-month target of GBp 1,052.73.

That average target stands 33.26 percent above the Goldman target of GBp 790.00, a wide gap that shows how differently analysts assess Big Yellow's growth and valuation. The company is listed on the London Stock Exchange under ticker BYG.

Annual revenue rose 2.00 percent

Big Yellow's annual report for the fiscal year ended March 31, 2026, reported revenue of GBP 209.1 million, up 2.00 percent from GBP 204.5 million in fiscal 2025, according to the company's investor relations page.

Store EBITDA increased to GBP 146.5 million from GBP 143.2 million, while adjusted profit before tax rose to GBP 117.5 million from GBP 115.6 million. Both measures increased 2.00 percent, giving investors a quantified operating comparison alongside the analyst disagreement.

Dividend reaches GBp 47.20

The same fiscal 2026 report showed EPRA adjusted earnings per share of GBp 59.00, up 2.00 percent from GBp 57.80. The full-year dividend rose 2.00 percent to GBp 47.20 per share from GBp 46.40.

Big Yellow also generated GBP 111.5 million of free cash flow in fiscal 2026, compared with GBP 111.9 million in fiscal 2025. The small year-over-year decline in cash generation matters because the group is funding new store development while maintaining shareholder distributions.

London quote and market value

Big Yellow's primary listing is on the London Stock Exchange, where its October 6, 2026 quote was GBp 811.00 and its market capitalization was GBP 1.6 billion. The company operates in the specialized real estate investment trust industry and runs a UK self-storage platform.

Big Yellow's investor page also lists 103 facilities, including a 20 percent stake in 25 Armadillo Self Storage sites, and 11 planned development locations. That operating base gives the revenue trend a concrete expansion backdrop while the GBp 790.00 Goldman target remains the clearest valuation counterpoint.