Big Yellow Group (LON:BYG) had its target price lowered by JPMorgan Chase & Co. from GBX 1,150 ($14.15) to GBX 840 ($10.34) in a research report sent to investors on Thursday morning, Digital Look reports. The firm currently has an underweight rating on the stock.
Several other equities analysts have also recently weighed in on the company. Goldman Sachs Group lifted their price target on Big Yellow Group from GBX 1,150 ($14.15) to GBX 1,185 ($14.58) and gave the company a buy rating in a research report on Wednesday, July 1st. Royal Bank of Canada lifted their price target on Big Yellow Group from GBX 800 ($9.84) to GBX 825 ($10.15) and gave the company an underperform rating in a research report on Tuesday, June 16th. HSBC upgraded Big Yellow Group to a buy rating and lifted their price target for the company from GBX 1,095 ($13.48) to GBX 1,096 ($13.49) in a research report on Monday, May 25th. Morgan Stanley reduced their price target on Big Yellow Group from GBX 1,000 ($12.31) to GBX 900 ($11.08) and set an underweight rating for the company in a research report on Monday, May 11th. Finally, Peel Hunt reiterated a reduce rating and issued a GBX 970 ($11.94) price target on shares of Big Yellow Group in a research report on Tuesday, June 9th. Six analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of GBX 1,000 ($12.31).
Shares of LON BYG opened at GBX 1,019 ($12.54) on Thursday. The stock has a market cap of $1.79 billion and a PE ratio of 18.33. Big Yellow Group has a fifty-two week low of GBX 9.98 ($0.12) and a fifty-two week high of GBX 1,245.30 ($15.32). The company has a debt-to-equity ratio of 36.00, a quick ratio of 1.51 and a current ratio of 1.57. The stock has a fifty day moving average of GBX 1,002.67 and a 200-day moving average of GBX 1,041.88.
The firm also recently disclosed a dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, June 18th will be paid a dividend of GBX 16.70 ($0.21) per share. This represents a yield of 1.62%. The ex-dividend date is Thursday, June 18th. Big Yellow Group’s dividend payout ratio is 59.35%.
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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