Big Yellow Group plc (LON:BYG) Receives GBX 1,019.88 Average Target Price from Analysts

Shares of Big Yellow Group plc (LON:BYG) have received an average rating of “Hold” from the nine brokerages that are presently covering the stock, reports. Eight analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,022.71 ($13.36).

A number of research analysts recently issued reports on BYG shares. Liberum Capital reaffirmed a “hold” rating on shares of Big Yellow Group in a report on Tuesday, March 12th. Morgan Stanley boosted their target price on Big Yellow Group from GBX 950 ($12.41) to GBX 1,025 ($13.39) and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. Peel Hunt restated a “hold” rating on shares of Big Yellow Group in a research report on Wednesday, May 8th. Numis Securities reiterated a “hold” rating on shares of Big Yellow Group in a research report on Thursday, May 16th. Finally, Goldman Sachs Group lifted their price objective on Big Yellow Group from GBX 972 ($12.70) to GBX 1,037 ($13.55) and gave the stock a “neutral” rating in a research report on Tuesday, June 4th.

In related news, insider Richard Cotton sold 3,763 shares of the company’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).

BYG stock traded down GBX 1 ($0.01) during mid-day trading on Tuesday, reaching GBX 1,005 ($13.13). 103,664 shares of the stock traded hands, compared to its average volume of 265,567. The company has a debt-to-equity ratio of 31.56, a quick ratio of 0.52 and a current ratio of 0.84. Big Yellow Group has a 52-week low of GBX 834 ($10.90) and a 52-week high of GBX 1,077 ($14.07). The stock has a market capitalization of $1.66 billion and a P/E ratio of 12.88. The stock has a fifty day moving average of GBX 1,028.58.

The firm also recently disclosed a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, June 20th will be given a dividend of GBX 16.50 ($0.22) per share. The ex-dividend date is Thursday, June 20th. This represents a dividend yield of 1.56%. Big Yellow Group’s dividend payout ratio is currently 0.42%.

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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Analyst Recommendations for Big Yellow Group (LON:BYG)

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