Peel Hunt reiterated their hold rating on shares of Big Yellow Group (LON:BYG) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently weighed in on BYG. Numis Securities reaffirmed a hold rating and issued a GBX 1,042 ($13.62) price objective on shares of Big Yellow Group in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. lifted their price objective on Big Yellow Group from GBX 950 ($12.41) to GBX 1,100 ($14.37) and gave the company a neutral rating in a research note on Wednesday, June 5th. Goldman Sachs Group reaffirmed a neutral rating on shares of Big Yellow Group in a research note on Thursday, August 8th. Finally, Liberum Capital reaffirmed a hold rating on shares of Big Yellow Group in a research note on Friday, July 19th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 1,019.88 ($13.33).
Shares of LON BYG opened at GBX 972.10 ($12.70) on Friday. Big Yellow Group has a twelve month low of GBX 834 ($10.90) and a twelve month high of GBX 1,077 ($14.07). The company has a debt-to-equity ratio of 31.56, a current ratio of 0.84 and a quick ratio of 0.52. The company has a fifty day moving average price of GBX 1,004.65. The firm has a market capitalization of $1.62 billion and a PE ratio of 12.46.
The business also recently announced a dividend, which was paid on Friday, July 26th. Investors of record on Thursday, June 20th were paid a dividend of GBX 16.50 ($0.22) per share. The ex-dividend date was Thursday, June 20th. This represents a yield of 1.56%. Big Yellow Group’s payout ratio is 0.42%.
In related news, insider Richard Cotton sold 3,763 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of GBX 1,024 ($13.38), for a total transaction of £38,533.12 ($50,350.35). Also, insider John Trotman sold 30,416 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of GBX 1,011 ($13.21), for a total value of £307,505.76 ($401,810.74).
About Big Yellow Group
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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