Big Yellow Group plc (BYG) Receives “Buy” Rating from Liberum Capital

Liberum Capital reissued their buy rating on shares of Big Yellow Group plc (LON:BYG) in a research report released on Tuesday. Liberum Capital currently has a GBX 800 ($9.73) target price on the stock.

BYG has been the subject of a number of other research reports. Peel Hunt restated a hold rating and issued a GBX 675 ($8.21) price target on shares of Big Yellow Group plc in a report on Tuesday, November 22nd. Goldman Sachs Group, Inc. (The) raised Big Yellow Group plc to a buy rating and set a GBX 885 ($10.76) target price on the stock in a research report on Thursday, November 24th. Jefferies Group cut their target price on Big Yellow Group plc from GBX 776 ($9.44) to GBX 740 ($9.00) and set a buy rating on the stock in a research report on Wednesday, November 23rd. J P Morgan Chase & Co reaffirmed an underweight rating and issued a GBX 820 ($9.97) target price on shares of Big Yellow Group plc in a research report on Wednesday, November 23rd. Finally, Numis Securities Ltd reaffirmed an add rating and issued a GBX 808 ($9.83) target price on shares of Big Yellow Group plc in a research report on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 787.89 ($9.58).

Big Yellow Group plc (LON:BYG) traded down 0.91% during trading on Tuesday, reaching GBX 709.00. 205,170 shares of the company were exchanged. The stock’s market capitalization is GBX 1.11 billion. Big Yellow Group plc has a 52-week low of GBX 629.50 and a 52-week high of GBX 893.50. The firm’s 50 day moving average is GBX 665.57 and its 200 day moving average is GBX 716.33.

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The business also recently announced a dividend, which was paid on Friday, January 6th. Shareholders of record on Thursday, December 8th were given a GBX 13.50 ($0.16) dividend. The ex-dividend date was Thursday, December 8th. This is a positive change from Big Yellow Group plc’s previous dividend of $12.80. This represents a yield of 2.02%.

In related news, insider Richard Cotton bought 10,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were purchased at an average cost of GBX 670 ($8.15) per share, with a total value of £67,000 ($81,478.78). Also, insider Georgina Harvey bought 2,280 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was bought at an average cost of GBX 668 ($8.12) per share, for a total transaction of £15,230.40 ($18,521.71).

About Big Yellow Group plc

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.

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