Berenberg Bank Raises Big Yellow Group (LON:BYG) Price Target to GBX 1,285

Big Yellow Group (LON:BYG) had its price target hoisted by Berenberg Bank from GBX 1,186 ($15.07) to GBX 1,285 ($16.33) in a research report sent to investors on Tuesday, Marketbeat.com reports. The firm currently has a hold rating on the stock.

Big Yellow Group Stock Performance

Big Yellow Group stock opened at GBX 1,222 ($15.53) on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 23.01. Big Yellow Group has a 1-year low of GBX 901 ($11.45) and a 1-year high of GBX 1,268 ($16.12). The firm has a 50-day moving average of GBX 1,088.80 and a 200-day moving average of GBX 1,101.60. The firm has a market cap of £2.40 billion, a P/E ratio of 1,207.92, a P/E/G ratio of 2.40 and a beta of 0.63.

Big Yellow Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, July 4th will be issued a GBX 22.60 ($0.29) dividend. The ex-dividend date of this dividend is Thursday, July 4th. This represents a yield of 1.92%. Big Yellow Group’s dividend payout ratio (DPR) is presently 4,554.46%.

Big Yellow Group Company Profile

Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 109 stores, including 24 stores branded as Armadillo Self Storage. We have a pipeline of 0.9 million sq ft comprising 13 proposed Big Yellow self storage facilities. The current maximum lettable area of the existing platform (including Armadillo) is 6.4 million sq ft.