Goldman Sachs Group Inc. Upgrades Big Yellow Group plc (BYG) to Buy
Other research analysts also recently issued reports about the company. Jefferies Group upgraded Big Yellow Group plc to a buy rating and set a GBX 776 ($9.63) price target on the stock in a report on Thursday, October 27th. Numis Securities Ltd reiterated an add rating and issued a GBX 808 ($10.02) price target on shares of Big Yellow Group plc in a report on Tuesday, November 22nd. Peel Hunt reiterated a hold rating and issued a GBX 675 ($8.37) price target on shares of Big Yellow Group plc in a report on Wednesday, October 26th. JPMorgan Chase & Co. cut their price target on Big Yellow Group plc from GBX 865 ($10.73) to GBX 820 ($10.17) and set an underweight rating on the stock in a report on Tuesday, September 6th. Finally, Liberum Capital upgraded Big Yellow Group plc to a buy rating and lifted their price target for the company from GBX 785 ($9.74) to GBX 800 ($9.92) in a report on Tuesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 784.70 ($9.73).
Shares of Big Yellow Group plc (LON:BYG) opened at 663.50 on Thursday. The company’s market capitalization is GBX 1.04 billion. The company’s 50 day moving average price is GBX 690.12 and its 200 day moving average price is GBX 751.43. Big Yellow Group plc has a 52-week low of GBX 648.50 and a 52-week high of GBX 893.50.
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The company also recently declared a dividend, which will be paid on Friday, January 6th. Shareholders of record on Thursday, December 8th will be given a dividend of GBX 13.50 ($0.17) per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 2.02%. This is a boost from Big Yellow Group plc’s previous dividend of $12.80.
In other news, insider Tim Clark purchased 1,963 shares of the stock in a transaction on Thursday, September 22nd. The stock was bought at an average price of GBX 776 ($9.63) per share, with a total value of £15,232.88 ($18,897.01). Also, insider Georgina Harvey purchased 2,280 shares of the stock in a transaction on Wednesday, November 23rd. The shares were purchased at an average cost of GBX 668 ($8.29) per share, with a total value of £15,230.40 ($18,893.93).
About Big Yellow Group plc
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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