Big Yellow Group plc (BYG) Receives Buy Rating from Liberum Capital
Big Yellow Group plc (LON:BYG)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a report issued on Friday. They presently have a GBX 800 ($10.00) target price on the stock. Liberum Capital’s price objective suggests a potential upside of 20.03% from the company’s current price.
BYG has been the topic of several other research reports. Morgan Stanley cut their target price on 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 report on Wednesday, August 31st. Peel Hunt reissued a “hold” rating and set 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 price target on 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. Numis Securities Ltd upgraded Big Yellow Group plc to an “add” rating and dropped their price target for the stock from GBX 905 ($11.31) to GBX 808 ($10.09) in a research note on Tuesday, August 2nd. Finally, Jefferies Group dropped their price target on 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Big Yellow Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 784.70 ($9.80).
Big Yellow Group plc (LON:BYG) opened at 666.50 on Friday. The firm’s market capitalization is GBX 1.04 billion. Big Yellow Group plc has a one year low of GBX 648.50 and a one year high of GBX 893.50. The firm has a 50-day moving average price of GBX 696.20 and a 200-day moving average price of GBX 754.61.
The business also recently announced a dividend, which will be paid on Friday, January 6th. Shareholders of record on Thursday, December 8th will be paid a GBX 13.50 ($0.17) dividend. This is an increase from Big Yellow Group plc’s previous dividend of $12.80. This represents a dividend yield of 2.02%. The ex-dividend date is Thursday, December 8th.
In other Big Yellow Group plc news, insider Tim Clark purchased 1,963 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were purchased 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 purchased 2,280 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was acquired at an average price of GBX 668 ($8.35) per share, for a total transaction of £15,230.40 ($19,028.49).
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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