Liberum Capital restated their hold rating on shares of Big Yellow Group (LON:BYG) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.
Several other research analysts also recently commented on BYG. Goldman Sachs Group lifted their price objective on Big Yellow Group from GBX 1,042 ($13.71) to GBX 1,193 ($15.69) and gave the stock a neutral rating in a report on Tuesday, December 10th. Morgan Stanley downgraded Big Yellow Group to an underweight rating and decreased their price objective for the stock from GBX 1,075 ($14.14) to GBX 1,000 ($13.15) in a report on Friday, November 29th. JPMorgan Chase & Co. decreased their price objective on Big Yellow Group from GBX 1,100 ($14.47) to GBX 1,050 ($13.81) and set a neutral rating on the stock in a report on Tuesday, November 26th. HSBC downgraded Big Yellow Group to a hold rating in a report on Friday, September 27th. Finally, Royal Bank of Canada lifted their price objective on Big Yellow Group from GBX 975 ($12.83) to GBX 1,000 ($13.15) and gave the stock an underperform rating in a report on Monday, December 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 1,089 ($14.33).
Shares of BYG traded up GBX 7 ($0.09) during trading hours on Thursday, hitting GBX 1,159 ($15.25). The company had a trading volume of 200,414 shares, compared to its average volume of 265,567. The firm has a market cap of $1.94 billion and a P/E ratio of 11.97. The stock’s 50 day moving average price is GBX 1,161.44 and its 200 day moving average price is GBX 1,082.45. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 30.83. Big Yellow Group has a 52-week low of GBX 910.50 ($11.98) and a 52-week high of GBX 1,218 ($16.02).
The firm also recently declared a dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 5th were issued a dividend of GBX 17.10 ($0.22) per share. This represents a yield of 1.49%. The ex-dividend date of this dividend was Thursday, December 5th. This is an increase from Big Yellow Group’s previous dividend of $16.50. Big Yellow Group’s payout ratio is currently 0.35%.
In related news, insider James Gibson sold 1,300 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of GBX 1,182 ($15.55), for a total transaction of £15,366 ($20,213.10).
Big Yellow Group Company Profile
Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 97 stores, including 22 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further eleven Big Yellow self storage development sites (including two extension sites), of which two have planning consent.
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