Big Yellow Group (BYG) Price Target Raised to GBX 950
Big Yellow Group (LON:BYG) had its target price boosted by J P Morgan Chase & Co from GBX 880 ($11.79) to GBX 950 ($12.72) in a report published on Wednesday. They currently have an overweight rating on the stock.
Other research analysts have also issued reports about the company. Jefferies Group reaffirmed a hold rating and issued a GBX 795 ($10.65) target price on shares of Big Yellow Group in a research report on Wednesday, November 22nd. Liberum Capital reaffirmed a hold rating and issued a GBX 800 ($10.71) target price on shares of Big Yellow Group in a research report on Tuesday, August 1st. Goldman Sachs Group reaffirmed a buy rating and issued a GBX 946 ($12.67) target price on shares of Big Yellow Group in a research report on Wednesday, September 27th. Numis Securities raised Big Yellow Group to an add rating and set a GBX 885 ($11.85) target price on the stock in a research report on Wednesday, November 22nd. Finally, Peel Hunt upped their target price on Big Yellow Group from GBX 700 ($9.37) to GBX 750 ($10.04) and gave the stock a hold rating in a research report on Tuesday, November 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 858 ($11.49).
Big Yellow Group (BYG) traded down GBX 7.50 ($0.10) during trading hours on Wednesday, reaching GBX 826 ($11.06). The company had a trading volume of 208,413 shares, compared to its average volume of 275,657. Big Yellow Group has a 52-week low of GBX 629.50 ($8.43) and a 52-week high of GBX 843.50 ($11.30).
The company also recently announced a dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 7th will be given a GBX 15.30 ($0.20) dividend. This is a positive change from Big Yellow Group’s previous dividend of $14.10. This represents a yield of 1.83%. The ex-dividend date of this dividend is Thursday, December 7th.
In other news, insider Richard Cotton bought 5,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were bought at an average cost of GBX 773 ($10.35) per share, with a total value of £38,650 ($51,761.08).
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Big Yellow Group 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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