Numis Securities Reiterates Add Rating for Big Yellow Group (BYG)

Numis Securities restated their add rating on shares of Big Yellow Group (LON:BYG) in a research report released on Wednesday morning. The firm currently has a GBX 885 ($12.00) target price on the stock.

Other equities analysts have also issued reports about the stock. Liberum Capital restated a hold rating and issued a GBX 800 ($10.85) price objective on shares of Big Yellow Group in a report on Tuesday, November 21st. JPMorgan Chase & Co. upped their price objective on shares of Big Yellow Group from GBX 880 ($11.93) to GBX 950 ($12.88) and gave the stock an overweight rating in a report on Wednesday, November 29th. Jefferies Group reaffirmed a hold rating and set a GBX 795 ($10.78) target price on shares of Big Yellow Group in a research note on Wednesday, November 22nd. Goldman Sachs Group reaffirmed a buy rating and set a GBX 946 ($12.83) target price on shares of Big Yellow Group in a research note on Wednesday, September 27th. Finally, Peel Hunt upped their target price on shares of Big Yellow Group from GBX 700 ($9.49) to GBX 750 ($10.17) and gave the stock a hold rating in a research note on Tuesday, November 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Big Yellow Group has an average rating of Hold and a consensus target price of GBX 858 ($11.64).

Shares of Big Yellow Group (LON:BYG) traded up GBX 1 ($0.01) during mid-day trading on Wednesday, hitting GBX 832.50 ($11.29). 1,491,405 shares of the stock traded hands, compared to its average volume of 307,146. Big Yellow Group has a 52-week low of GBX 659 ($8.94) and a 52-week high of GBX 877 ($11.89). The firm has a market cap of $1,320.00 and a price-to-earnings ratio of 1,095.39.

The firm also recently announced a dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 7th were paid a dividend of GBX 15.30 ($0.21) per share. This is an increase from Big Yellow Group’s previous dividend of $14.10. This represents a yield of 1.83%. The ex-dividend date was Thursday, December 7th.

In related news, insider Nicholas Vetch sold 120,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of GBX 841 ($11.40), for a total transaction of £1,009,200 ($1,368,592.35).

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Big Yellow Group 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.

Analyst Recommendations for Big Yellow Group (LON:BYG)

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