Big Yellow Group plc (LON:BYG) announced a dividend on Tuesday, November 19th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 5th will be given a dividend of GBX 17.10 ($0.22) per share on Friday, January 10th. This represents a dividend yield of 1.49%. The ex-dividend date is Thursday, December 5th. This is a positive change from Big Yellow Group’s previous dividend of $16.50. The official announcement can be accessed at this link.
Shares of Big Yellow Group stock opened at GBX 1,128 ($14.74) on Wednesday. The firm’s fifty day simple moving average is GBX 1,133.36 and its 200-day simple moving average is GBX 1,051.45. The stock has a market capitalization of $1.87 billion and a price-to-earnings ratio of 11.65. Big Yellow Group has a 12 month low of GBX 846 ($11.05) and a 12 month high of GBX 1,194 ($15.60). The company has a debt-to-equity ratio of 30.83, a current ratio of 0.48 and a quick ratio of 0.28.
A number of analysts recently weighed in on BYG shares. HSBC cut shares of Big Yellow Group to a “hold” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. lowered their price objective on shares of Big Yellow Group from GBX 1,100 ($14.37) to GBX 1,050 ($13.72) and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Royal Bank of Canada assumed coverage on shares of Big Yellow Group in a research note on Wednesday, November 27th. They issued an “underperform” rating and a GBX 975 ($12.74) price objective on the stock. Morgan Stanley cut shares of Big Yellow Group to an “underweight” rating and reduced their target price for the company from GBX 1,075 ($14.05) to GBX 1,000 ($13.07) in a report on Friday, November 29th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of Big Yellow Group in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,041.56 ($13.61).
In other news, insider Nicholas Vetch sold 411,660 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of GBX 1,068 ($13.96), for a total value of £4,396,528.80 ($5,744,843.59).
Big Yellow Group Company Profile
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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