JPMorgan Chase & Co. Boosts Big Yellow Group (LON:BYG) Price Target to GBX 1,385

Big Yellow Group (LON:BYG) had its price objective hoisted by JPMorgan Chase & Co. from GBX 1,315 ($16.71) to GBX 1,385 ($17.60) in a report issued on Thursday, Marketbeat reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently issued reports on BYG. Jefferies Financial Group reiterated a buy rating and issued a GBX 1,359 ($17.27) price objective on shares of Big Yellow Group in a report on Tuesday, May 21st. Berenberg Bank upped their price objective on shares of Big Yellow Group from GBX 1,186 ($15.07) to GBX 1,285 ($16.33) and gave the stock a hold rating in a report on Tuesday, May 21st.

Big Yellow Group Trading Up 2.0 %

Shares of LON:BYG opened at GBX 1,244 ($15.81) on Thursday. The stock has a market capitalization of £2.44 billion, a PE ratio of 1,231.68, a P/E/G ratio of 2.40 and a beta of 0.63. 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 fifty day moving average price of GBX 1,092.88 and a 200 day moving average price of GBX 1,103.64. 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 Dividend Announcement

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

About Big Yellow Group

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.