Big Yellow Group plc (BYG) Announces Dividend of GBX 13.50
Big Yellow Group plc (LON:BYG) announced a dividend on Tuesday, November 22nd. Stockholders of record on Thursday, December 8th will be paid a dividend of GBX 13.50 ($0.17) per share on Friday, January 6th. This represents a dividend yield of 2.02%. The ex-dividend date is Thursday, December 8th. This is a positive change from Big Yellow Group plc’s previous dividend of $12.80. The official announcement can be accessed at this link.
Shares of Big Yellow Group plc (LON:BYG) traded up 0.15% during mid-day trading on Tuesday, hitting GBX 669.00. 560,319 shares of the stock were exchanged. The stock’s market capitalization is GBX 1.05 billion. The stock’s 50-day moving average is GBX 703.28 and its 200-day moving average is GBX 756.49. Big Yellow Group plc has a 52 week low of GBX 655.00 and a 52 week high of GBX 893.50.
In other Big Yellow Group plc news, insider Gibson,James sold 66,098 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of GBX 767 ($9.58), for a total value of £506,971.66 ($633,397.88). Also, insider Tim Clark purchased 1,963 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was bought at an average cost of GBX 776 ($9.70) per share, with a total value of £15,232.88 ($19,031.58).
Several brokerages have commented on BYG. Peel Hunt reaffirmed a “hold” rating and issued a GBX 675 ($8.43) price objective on shares of Big Yellow Group plc in a research report on Tuesday. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 808 ($10.09) price objective on shares of Big Yellow Group plc in a research report on Tuesday. Liberum Capital upgraded shares of Big Yellow Group plc to a “buy” rating and lifted their target price for the stock from GBX 785 ($9.81) to GBX 800 ($10.00) in a research note on Tuesday, November 1st. JPMorgan Chase & Co. reduced their target price on shares of Big Yellow Group plc from GBX 865 ($10.81) to GBX 820 ($10.24) and set an “underweight” rating for the company in a research note on Tuesday, September 6th. Finally, Morgan Stanley reduced their target price on shares of Big Yellow Group plc from GBX 800 ($10.00) to GBX 720 ($9.00) and set an “equal weight” rating for the company in a research note on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 790.30 ($9.87).
Big Yellow Group plc 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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