Big Yellow Group plc (BYG) Stock Rating Reaffirmed by Numis Securities Ltd
Big Yellow Group plc (LON:BYG)‘s stock had its “add” rating reaffirmed by analysts at Numis Securities Ltd in a research note issued on Tuesday. They currently have a GBX 808 ($10.09) target price on the stock. Numis Securities Ltd’s price target points to a potential upside of 23.36% from the company’s current price.
A number of other research analysts have also weighed in on BYG. Jefferies Group cut their price target on shares of Big Yellow Group plc from GBX 825 ($10.31) to GBX 776 ($9.70) and set a “hold” rating on the stock in a research note on Friday, August 19th. Morgan Stanley cut their price target on shares of Big Yellow Group plc from GBX 800 ($10.00) to GBX 720 ($9.00) and set an “equal weight” rating on the stock in a research note on Wednesday, August 31st. JPMorgan Chase & Co. cut their price target on shares of Big Yellow Group plc from GBX 865 ($10.81) to GBX 820 ($10.24) and set an “underweight” rating on the stock in a research note on Tuesday, September 6th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 675 ($8.43) price target on shares of Big Yellow Group plc in a research note on Wednesday, October 26th. Finally, Liberum Capital raised shares of Big Yellow Group plc to a “buy” rating and lifted their price target for the company from GBX 785 ($9.81) to GBX 800 ($10.00) in a research note on Tuesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Big Yellow Group plc currently has a consensus rating of “Hold” and an average price target of GBX 784.70 ($9.80).
Big Yellow Group plc (LON:BYG) opened at 670.00 on Tuesday. Big Yellow Group plc has a 1-year low of GBX 648.50 and a 1-year high of GBX 893.50. The company has a 50-day moving average of GBX 699.65 and a 200-day moving average of GBX 755.23. The firm’s market capitalization is GBX 1.05 billion.
The company also recently announced a dividend, which will be paid on Friday, January 6th. Investors of record on Thursday, December 8th will be issued a dividend of GBX 13.50 ($0.17) per share. This represents a yield of 2.02%. This is an increase from Big Yellow Group plc’s previous dividend of $12.80. The ex-dividend date of this dividend is Thursday, December 8th.
In other news, insider Tim Clark bought 1,963 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were acquired at an average cost of GBX 776 ($9.70) per share, for a total transaction of £15,232.88 ($19,031.58). Also, insider Georgina Harvey bought 2,280 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The shares were purchased at an average price of GBX 668 ($8.35) per share, for a total transaction of £15,230.40 ($19,028.49).
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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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