Big Yellow Group plc (BYG) Price Target Cut to GBX 740
Big Yellow Group plc (LON:BYG) had its target price lowered by analysts at Jefferies Group from GBX 776 ($9.70) to GBX 740 ($9.25) in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 11.03% from the company’s current price.
BYG has been the subject of several other reports. Morgan Stanley dropped their target price on 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 report on Wednesday, August 31st. Liberum Capital raised Big Yellow Group plc to a “buy” rating and lifted their target price for the company from GBX 785 ($9.81) to GBX 800 ($10.00) in a research report on Tuesday, November 1st. Peel Hunt reaffirmed a “hold” rating and issued a GBX 675 ($8.43) target price on shares of Big Yellow Group plc in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on 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 report on Tuesday, September 6th. Finally, Numis Securities Ltd raised Big Yellow Group plc to an “add” rating and dropped their target price for the company from GBX 905 ($11.31) to GBX 808 ($10.09) in a research report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Big Yellow Group plc presently has a consensus rating of “Hold” and a consensus target price of GBX 784.70 ($9.80).
Shares of Big Yellow Group plc (LON:BYG) opened at 661.50 on Wednesday. The firm’s 50-day moving average is GBX 696.20 and its 200 day moving average is GBX 754.61. The firm’s market capitalization is GBX 1.03 billion. Big Yellow Group plc has a 12 month low of GBX 648.50 and a 12 month high of GBX 893.50.
The firm also recently declared a dividend, which will be paid on Friday, January 6th. Investors of record on Thursday, December 8th will be issued a GBX 13.50 ($0.17) dividend. 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 is Thursday, December 8th.
In related news, insider Gibson,James sold 66,098 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of GBX 767 ($9.58), for a total value of £506,971.66 ($633,397.88). Also, insider Georgina Harvey purchased 2,280 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was acquired at an average cost of GBX 668 ($8.35) per share, with a total value of £15,230.40 ($19,028.49).
About Big Yellow Group plc
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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