Shares of Big Yellow Group plc (LON:BYG) have been given an average rating of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 992 ($12.96).
A number of research analysts have weighed in on BYG shares. Peel Hunt reiterated a “hold” rating on shares of Big Yellow Group in a research report on Tuesday, May 14th. Liberum Capital restated a “hold” rating on shares of Big Yellow Group in a research report on Tuesday, February 19th. Goldman Sachs Group cut their price objective on shares of Big Yellow Group from GBX 993 ($12.98) to GBX 972 ($12.70) and set a “neutral” rating for the company in a report on Friday, January 25th. Berenberg Bank downgraded shares of Big Yellow Group to a “hold” rating and cut their price objective for the company from GBX 1,000 ($13.07) to GBX 950 ($12.41) in a report on Monday, January 28th. Finally, Morgan Stanley increased their price objective on shares of Big Yellow Group from GBX 950 ($12.41) to GBX 1,025 ($13.39) and gave the company an “equal weight” rating in a report on Thursday, March 14th.
In other Big Yellow Group news, insider Nicholas Vetch sold 375,407 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of GBX 984 ($12.86), for a total value of £3,694,004.88 ($4,826,871.66).
Shares of Big Yellow Group stock traded up GBX 4 ($0.05) during trading hours on Friday, reaching GBX 1,024 ($13.38). The stock had a trading volume of 43,094 shares, compared to its average volume of 265,567. The company has a market cap of $1.70 billion and a P/E ratio of 13.93. Big Yellow Group has a twelve month low of GBX 834 ($10.90) and a twelve month high of GBX 1,066 ($13.93). The company has a debt-to-equity ratio of 27.37, a quick ratio of 0.31 and a current ratio of 0.54.
The firm also recently disclosed a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 20th will be issued a GBX 16.50 ($0.22) dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a yield of 1.56%. Big Yellow Group’s payout ratio is 0.45%.
Big Yellow Group Company Profile
Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 97 stores, including 22 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further eleven Big Yellow self storage development sites (including two extension sites), of which two have planning consent.
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