Barclays Reaffirms “Overweight” Rating for Big Yellow Group (LON:BYG)

Barclays restated their overweight rating on shares of Big Yellow Group (LON:BYGGet Rating) in a research report released on Tuesday, MarketBeat reports. The brokerage currently has a GBX 1,200 ($14.19) price objective on the stock.

Big Yellow Group Stock Performance

Shares of BYG opened at GBX 1,135 ($13.42) on Tuesday. The stock’s 50-day simple moving average is GBX 1,102.49 and its 200 day simple moving average is GBX 1,241.35. The stock has a market capitalization of £2.09 billion and a price-to-earnings ratio of 295.57. The company has a debt-to-equity ratio of 23.04, a quick ratio of 0.33 and a current ratio of 0.36. Big Yellow Group has a 52-week low of GBX 938.50 ($11.10) and a 52-week high of GBX 1,760 ($20.81).

Big Yellow Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th will be issued a GBX 22.30 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, January 5th. This represents a dividend yield of 1.91%. This is a boost from Big Yellow Group’s previous dividend of $21.40. Big Yellow Group’s dividend payout ratio (DPR) is presently 9.79%.

Insider Buying and Selling at Big Yellow Group

In other Big Yellow Group news, insider Nicholas Vetch purchased 22,000 shares of the stock in a transaction on Thursday, September 22nd. The shares were purchased at an average price of GBX 1,134 ($13.41) per share, with a total value of £249,480 ($294,998.23). In other Big Yellow Group news, insider Nicholas Vetch purchased 22,000 shares of the stock in a transaction on Thursday, September 22nd. The shares were purchased at an average price of GBX 1,134 ($13.41) per share, with a total value of £249,480 ($294,998.23). Also, insider James Gibson purchased 22,222 shares of the stock in a transaction on Tuesday, September 20th. The stock was acquired at an average cost of GBX 1,125 ($13.30) per share, for a total transaction of £249,997.50 ($295,610.15). Insiders have acquired a total of 69,849 shares of company stock valued at $74,959,702 in the last 90 days.

About Big Yellow Group

(Get Rating)

Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 103 stores, including 25 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further 11 Big Yellow self storage development sites, of which eight have planning consent.

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Analyst Recommendations for Big Yellow Group (LON:BYG)

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