Big Yellow Group (LON:BYG) Given Overweight Rating at Barclays

Barclays reaffirmed their overweight rating on shares of Big Yellow Group (LON:BYG – Get Rating) in a research note released on Wednesday morning, MarketBeat.com reports. They currently have a GBX 1,200 ($14.93) price objective on the stock.

Separately, Peel Hunt restated a hold rating and issued a GBX 1,100 ($13.68) target price on shares of Big Yellow Group in a report on Tuesday.

Big Yellow Group Stock Performance

Shares of BYG stock opened at GBX 1,143 ($14.22) on Wednesday. Big Yellow Group has a 12-month low of GBX 938.50 ($11.67) and a 12-month high of GBX 1,440 ($17.91). The firm has a market capitalization of £2.11 billion, a price-to-earnings ratio of 470.73, a price-to-earnings-growth ratio of 2.62 and a beta of 0.59. The business has a 50 day simple moving average of GBX 1,179.52 and a 200 day simple moving average of GBX 1,181.46. The company has a debt-to-equity ratio of 23.04, a current ratio of 0.36 and a quick ratio of 0.29.

Big Yellow Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 28th. Shareholders of record on Thursday, July 6th will be issued a dividend of GBX 22.90 ($0.28) per share. This represents a yield of 1.98%. The ex-dividend date of this dividend is Thursday, July 6th. This is a boost from Big Yellow Group’s previous dividend of $22.30. Big Yellow Group’s dividend payout ratio is 1,788.62%.

Big Yellow Group Company Profile

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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.