Peel Hunt restated their hold rating on shares of Big Yellow Group (LON:BYG) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.
A number of other analysts also recently issued reports on BYG. Goldman Sachs Group lifted their price target 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 target for the stock from GBX 1,075 ($14.14) to GBX 1,000 ($13.15) in a report on Friday, November 29th. Bank of America downgraded Big Yellow Group to a neutral rating in a report on Tuesday. HSBC downgraded Big Yellow Group to a hold rating in a report on Friday, September 27th. Finally, Liberum Capital reaffirmed a hold rating and set a GBX 1,100 ($14.47) price target on shares of Big Yellow Group in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 1,089 ($14.33).
LON BYG traded up GBX 7 ($0.09) during trading on Thursday, reaching GBX 1,159 ($15.25). 200,414 shares of the company’s stock were exchanged, compared to its average volume of 265,567. The stock has a market cap of $1.94 billion and a P/E ratio of 11.97. The company has a debt-to-equity ratio of 30.83, a quick ratio of 0.28 and a current ratio of 0.48. The company has a 50 day moving average price of GBX 1,161.44 and a two-hundred day moving average price of GBX 1,082.45. Big Yellow Group has a 1 year low of GBX 910.50 ($11.98) and a 1 year high of GBX 1,218 ($16.02).
The firm also recently declared a dividend, which was paid on Friday, January 10th. Shareholders 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%. This is an increase from Big Yellow Group’s previous dividend of $16.50. The ex-dividend date was Thursday, December 5th. Big Yellow Group’s payout ratio is 0.35%.
In other 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 value of £15,366 ($20,213.10).
About Big Yellow Group
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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