Big Yellow Group’s (BYG) “Add” Rating Reiterated at Numis Securities
Numis Securities reaffirmed their add rating on shares of Big Yellow Group (LON:BYG) in a research note issued to investors on Wednesday. The firm currently has a GBX 885 ($12.00) target price on the stock.
Several other research firms have also recently commented on BYG. Liberum Capital restated a hold rating and issued a GBX 860 ($11.66) target price on shares of Big Yellow Group in a research report on Monday, January 8th. Peel Hunt upped their target price on shares of Big Yellow Group from GBX 700 ($9.49) to GBX 750 ($10.17) and gave the stock a hold rating in a research report on Tuesday, November 21st. JPMorgan Chase & Co. upped their target price on shares of Big Yellow Group from GBX 880 ($11.93) to GBX 950 ($12.88) and gave the stock an overweight rating in a research report on Wednesday, November 29th. Jefferies Group restated a hold rating and issued a GBX 795 ($10.78) target price on shares of Big Yellow Group in a research report on Wednesday, November 22nd. Finally, Goldman Sachs Group restated a buy rating and issued a GBX 946 ($12.83) target price on shares of Big Yellow Group in a research report on Wednesday, September 27th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Big Yellow Group currently has a consensus rating of Hold and a consensus target price of GBX 858 ($11.64).
Big Yellow Group (LON BYG) traded up GBX 1 ($0.01) during midday trading on Wednesday, reaching GBX 832.50 ($11.29). 1,491,405 shares of the company’s stock traded hands, compared to its average volume of 307,146. Big Yellow Group has a 1 year low of GBX 659 ($8.94) and a 1 year high of GBX 877 ($11.89). The company has a market cap of $1,320.00 and a PE ratio of 1,095.39.
The business also recently disclosed a dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 7th were issued a GBX 15.30 ($0.21) dividend. The ex-dividend date of this dividend was Thursday, December 7th. This is a boost from Big Yellow Group’s previous dividend of $14.10. This represents a dividend yield of 1.83%.
In other news, insider Nicholas Vetch sold 120,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of GBX 841 ($11.40), for a total value of £1,009,200 ($1,368,592.35).
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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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