Big Yellow Group plc (BYG) Given Average Recommendation of “Hold” by Analysts
Shares of Big Yellow Group plc (LON:BYG) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 799.88 ($10.44).
Several equities analysts have recently issued reports on the stock. Jefferies Group LLC decreased their price target on shares of Big Yellow Group plc from GBX 740 ($9.66) to GBX 725 ($9.47) and set a “hold” rating for the company in a report on Wednesday, May 24th. Peel Hunt boosted their price objective on shares of Big Yellow Group plc from GBX 675 ($8.81) to GBX 700 ($9.14) and gave the company a “hold” rating in a research report on Tuesday, May 23rd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 800 ($10.45) price objective on shares of Big Yellow Group plc in a research report on Tuesday, May 23rd. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 880 ($11.49) price objective on shares of Big Yellow Group plc in a research report on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 960 ($12.54) price target on shares of Big Yellow Group plc in a research report on Wednesday, May 24th.
Big Yellow Group plc (LON:BYG) traded up 1.47% during mid-day trading on Tuesday, hitting GBX 792.50. The stock had a trading volume of 42,244 shares. The company’s market cap is GBX 1.24 billion. The company has a 50-day moving average price of GBX 794.64 and a 200 day moving average price of GBX 736.04. Big Yellow Group plc has a 1-year low of GBX 629.50 and a 1-year high of GBX 831.00.
The business also recently declared a dividend, which will be paid on Thursday, July 27th. Investors of record on Thursday, June 22nd will be paid a GBX 14.10 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a yield of 1.77%. This is a positive change from Big Yellow Group plc’s previous dividend of $13.50.
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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