Big Yellow Group plc (LON:BYG) Given Average Recommendation of “Hold” by Analysts
Big Yellow Group plc (LON:BYG) has received an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 799.88 ($10.42).
Several equities research analysts have recently commented on the stock. Liberum Capital reissued a “buy” rating and set a GBX 800 ($10.42) target price on shares of Big Yellow Group plc in a research report on Friday, April 21st. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 960 ($12.50) price objective on shares of Big Yellow Group plc in a research report on Wednesday, May 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 740 ($9.64) price objective on shares of Big Yellow Group plc in a research report on Wednesday, April 26th. Peel Hunt upped their price objective on shares of Big Yellow Group plc from GBX 675 ($8.79) to GBX 700 ($9.12) and gave the stock a “hold” rating in a research report on Tuesday, May 23rd. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 880 ($11.46) price objective on shares of Big Yellow Group plc in a research report on Tuesday, June 6th.
In other news, insider Nicholas Vetch sold 5,838 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of GBX 778 ($10.13), for a total transaction of £45,419.64 ($59,147.86). Also, insider James Gibson sold 53,370 shares of the firm’s stock in a transaction on Sunday, July 2nd. The shares were sold at an average price of GBX 775 ($10.09), for a total transaction of £413,617.50 ($538,634.59). In the last 90 days, insiders have sold 98,215 shares of company stock worth $76,134,139.
Shares of Big Yellow Group plc (LON:BYG) traded down 2.10% during midday trading on Friday, reaching GBX 722.00. 164,356 shares of the company traded hands. The company has a 50-day moving average of GBX 779.93 and a 200 day moving average of GBX 756.14. The firm’s market capitalization is GBX 1.13 billion. Big Yellow Group plc has a 12-month low of GBX 629.50 and a 12-month high of GBX 831.00.
The business also recently disclosed a dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, June 22nd were given a dividend of GBX 14.10 ($0.18) per share. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a dividend yield of 1.77%. This is a boost from Big Yellow Group plc’s previous dividend of $13.50.
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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