Big Yellow Group (LON:BYG) Given New GBX 1,285 Price Target at Berenberg Bank

Big Yellow Group (LON:BYG) had its price target upped by Berenberg Bank from GBX 1,186 ($15.07) to GBX 1,285 ($16.33) in a research note published on Tuesday, Marketbeat Ratings reports. They currently have a hold rating on the stock.

Big Yellow Group Price Performance

Shares of BYG opened at GBX 1,244 ($15.81) on Tuesday. The company has a market capitalization of £2.44 billion, a price-to-earnings ratio of 1,231.68, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63. Big Yellow Group has a fifty-two week low of GBX 901 ($11.45) and a fifty-two week high of GBX 1,268 ($16.12). The firm has a 50-day simple moving average of GBX 1,092.88 and a 200-day simple moving average of GBX 1,103.18. The company has a debt-to-equity ratio of 23.01, a quick ratio of 0.29 and a current ratio of 0.33.

Big Yellow Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, July 4th will be issued a GBX 22.60 ($0.29) dividend. This represents a yield of 1.92%. The ex-dividend date of this dividend is Thursday, July 4th. Big Yellow Group’s dividend payout ratio is presently 4,554.46%.

About Big Yellow Group

Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 109 stores, including 24 stores branded as Armadillo Self Storage. We have a pipeline of 0.9 million sq ft comprising 13 proposed Big Yellow self storage facilities. The current maximum lettable area of the existing platform (including Armadillo) is 6.4 million sq ft.