Big Yellow Group plc’s (BYG) “Buy” Rating Reiterated at Liberum Capital
Liberum Capital reiterated their buy rating on shares of Big Yellow Group plc (LON:BYG) in a research report report published on Friday morning. They currently have a GBX 800 ($9.92) price objective on the stock.
Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of Big Yellow Group plc from GBX 865 ($10.73) to GBX 820 ($10.17) and set an underweight rating for the company in a research report on Tuesday, September 6th. Morgan Stanley lowered their price objective on shares of Big Yellow Group plc from GBX 800 ($9.92) to GBX 720 ($8.93) and set an equal weight rating for the company in a research report on Wednesday, August 31st. Jefferies Group lowered their price objective on shares of Big Yellow Group plc from GBX 825 ($10.23) to GBX 776 ($9.63) and set a hold rating for the company in a research report on Friday, August 19th. Numis Securities Ltd raised shares of Big Yellow Group plc to an add rating and reduced their target price for the company from GBX 905 ($11.23) to GBX 808 ($10.02) in a research note on Tuesday, August 2nd. Finally, Peel Hunt reaffirmed a hold rating and issued a GBX 675 ($8.37) target price on shares of Big Yellow Group plc in a research note on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 784.70 ($9.73).
Big Yellow Group plc (LON:BYG) opened at 663.50 on Friday. The firm’s market cap is GBX 1.04 billion. Big Yellow Group plc has a 12-month low of GBX 648.50 and a 12-month high of GBX 893.50. The company’s 50 day moving average is GBX 690.12 and its 200 day moving average is GBX 751.43.
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The business also recently announced a dividend, which will be paid on Friday, January 6th. Shareholders of record on Thursday, December 8th will be issued a dividend of GBX 13.50 ($0.17) per share. This is an increase from Big Yellow Group plc’s previous dividend of $12.80. This represents a yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 8th.
In other Big Yellow Group plc news, insider Georgina Harvey acquired 2,280 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were bought at an average cost of GBX 668 ($8.29) per share, for a total transaction of £15,230.40 ($18,893.93). Also, insider Gibson,James sold 66,098 shares of Big Yellow Group plc stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of GBX 767 ($9.51), for a total transaction of £506,971.66 ($628,919.07).
Big Yellow Group plc Company Profile
Big Yellow Group PLC is a United Kingdom-based company, which is engaged in the provision of self-storage and related services. The Company operates from a platform of approximately 89 stores, including 16 stores branded as Armadillo Self Storage. The Company also owns over seven Big Yellow self-storage development sites (including two extensions sites), of which two have planning consent.
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