Big Yellow Group Plc (LON:BYG – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,123.24 ($14.21) and traded as high as GBX 1,182 ($14.95). Big Yellow Group shares last traded at GBX 1,168 ($14.77), with a volume of 211,653 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on BYG. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,359 ($17.19) price objective on shares of Big Yellow Group in a research note on Tuesday, May 21st. Berenberg Bank raised their price target on shares of Big Yellow Group from GBX 1,186 ($15.00) to GBX 1,285 ($16.25) and gave the stock a “hold” rating in a research report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Big Yellow Group from GBX 1,315 ($16.63) to GBX 1,385 ($17.52) and gave the stock an “overweight” rating in a research report on Thursday, May 23rd.
Check Out Our Latest Research Report on BYG
Big Yellow Group Trading Down 0.3 %
Big Yellow Group Announces Dividend
The company also recently declared a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, July 4th will be issued a dividend of GBX 22.60 ($0.29) per share. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, July 4th. Big Yellow Group’s dividend payout ratio (DPR) is 4,455.45%.
Insider Activity
In related news, insider Nicholas Vetch acquired 8,038 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of GBX 1,238 ($15.66) per share, for a total transaction of £99,510.44 ($125,866.99). Corporate insiders own 6.18% of the company’s stock.
Big Yellow Group Company Profile
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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