Big Yellow Group (LON:BYG) had its target price cut by JPMorgan Chase & Co. from GBX 1,150 ($14.15) to GBX 840 ($10.34) in a research note released on Thursday morning, Digital Look reports. They currently have an underweight rating on the stock.
A number of other analysts have also recently commented on the company. HSBC raised Big Yellow Group to a buy rating and boosted their price target for the stock from GBX 1,095 ($13.48) to GBX 1,096 ($13.49) in a research report on Monday, May 25th. Goldman Sachs Group boosted their price target on Big Yellow Group from GBX 1,150 ($14.15) to GBX 1,185 ($14.58) and gave the stock a buy rating in a research report on Wednesday, July 1st. Peel Hunt reaffirmed a reduce rating and issued a GBX 970 ($11.94) price objective on shares of Big Yellow Group in a research report on Tuesday, June 9th. Jefferies Financial Group raised Big Yellow Group to a buy rating and upped their price objective for the company from GBX 1,050 ($12.92) to GBX 1,164 ($14.32) in a research report on Thursday, April 2nd. Finally, Berenberg Bank cut Big Yellow Group to a hold rating and set a GBX 1,050 ($12.92) price objective on the stock. in a research report on Tuesday, June 16th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 1,000 ($12.31).
Shares of BYG opened at GBX 1,019 ($12.54) on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 36.00. The business’s 50 day moving average price is GBX 1,002.67 and its 200-day moving average price is GBX 1,041.88. Big Yellow Group has a 52 week low of GBX 9.98 ($0.12) and a 52 week high of GBX 1,245.30 ($15.32). The stock has a market cap of $1.79 billion and a P/E ratio of 18.33.
The company also recently declared a dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, June 18th will be issued a dividend of GBX 16.70 ($0.21) per share. The ex-dividend date is Thursday, June 18th. This represents a dividend yield of 1.62%. Big Yellow Group’s payout ratio is 59.35%.
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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