Big Yellow Group (LON:BYG) Share Price Passes Above 200 Day Moving Average of $1,114.77

Big Yellow Group Plc (LON:BYGGet Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,114.77 ($14.28) and traded as high as GBX 1,266 ($16.22). Big Yellow Group shares last traded at GBX 1,238 ($15.86), with a volume of 147,518 shares traded.

Wall Street Analysts Forecast Growth

BYG has been the topic of a number of research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 1,359 ($17.41) price target on shares of Big Yellow Group in a research note on Tuesday, May 21st. Berenberg Bank upped their price target on Big Yellow Group from GBX 1,186 ($15.20) to GBX 1,285 ($16.46) and gave the stock a “hold” rating in a research note on Tuesday, May 21st. Finally, JPMorgan Chase & Co. upped their price target on Big Yellow Group from GBX 1,315 ($16.85) to GBX 1,385 ($17.75) and gave the stock an “overweight” rating in a research note on Thursday, May 23rd.

Read Our Latest Analysis on BYG

Big Yellow Group Stock Down 2.9 %

The business has a 50-day moving average price of GBX 1,124 and a two-hundred day moving average price of GBX 1,114.77. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 16.76. The firm has a market cap of £2.36 billion, a PE ratio of 1,225.74, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63.

Big Yellow Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 26th. Investors 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 (DPR) is presently 4,455.45%.

Insider Activity at Big Yellow Group

In other Big Yellow Group news, insider Nicholas Vetch bought 8,038 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were purchased at an average price of GBX 1,238 ($15.86) per share, with a total value of £99,510.44 ($127,495.76). 6.18% of the stock is currently owned by corporate insiders.

Big Yellow Group Company Profile

(Get Free Report)

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.

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