JPMorgan Chase & Co. Raises Big Yellow Group (LON:BYG) Price Target to GBX 1,100

Big Yellow Group (LON:BYG) had its price target raised by JPMorgan Chase & Co. from GBX 950 ($12.41) to GBX 1,100 ($14.37) in a report published on Wednesday, June 5th, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities analysts have also commented on BYG. Peel Hunt reissued a hold rating on shares of Big Yellow Group in a research report on Tuesday, May 21st. Numis Securities reissued a hold rating on shares of Big Yellow Group in a research report on Thursday, May 16th. Morgan Stanley boosted their target price on shares of 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. Liberum Capital reissued a hold rating on shares of Big Yellow Group in a research report on Tuesday, March 12th. Finally, Goldman Sachs Group boosted their target price on shares of 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. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,019.88 ($13.33).

Shares of LON:BYG traded up GBX 9.50 ($0.12) during midday trading on Wednesday, hitting GBX 989.50 ($12.93). 355,683 shares of the company’s stock traded hands, compared to its average volume of 265,567. The company has a current ratio of 0.84, a quick ratio of 0.52 and a debt-to-equity ratio of 31.56. The firm has a market capitalization of $1.65 billion and a P/E ratio of 12.69. The firm has a fifty day moving average price of GBX 1,024.93. Big Yellow Group has a twelve month low of GBX 834 ($10.90) and a twelve month high of GBX 1,077 ($14.07).

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. This represents a dividend yield of 1.56%. The ex-dividend date is Thursday, June 20th. Big Yellow Group’s dividend payout ratio is presently 0.42%.

In related news, insider Richard Cotton sold 3,763 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of GBX 1,024 ($13.38), for a total transaction of £38,533.12 ($50,350.35).

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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Analyst Recommendations for Big Yellow Group (LON:BYG)

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