Shares of Big Yellow Group Plc (LON:BYG – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,121.83 ($14.51) and traded as high as GBX 1,182 ($15.29). Big Yellow Group shares last traded at GBX 1,172 ($15.16), with a volume of 256,493 shares trading hands.
Analysts Set New Price Targets
A number of analysts have commented on BYG shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,359 ($17.58) price objective on shares of Big Yellow Group in a report on Tuesday, May 21st. JPMorgan Chase & Co. lifted their price objective on Big Yellow Group from GBX 1,315 ($17.01) to GBX 1,385 ($17.91) and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, Berenberg Bank upped their target price on Big Yellow Group from GBX 1,186 ($15.34) to GBX 1,285 ($16.62) and gave the company a “hold” rating in a report on Tuesday, May 21st.
Read Our Latest Research Report on BYG
Big Yellow Group Stock Up 2.3 %
Big Yellow Group Announces Dividend
The business also recently declared a dividend, which was paid on Friday, July 26th. Stockholders of record on Thursday, July 4th were paid a GBX 22.60 ($0.29) dividend. This represents a dividend yield of 1.92%. The ex-dividend date was Thursday, July 4th. Big Yellow Group’s dividend payout ratio (DPR) is 4,455.45%.
Insider Activity at Big Yellow Group
In other 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 purchased at an average price of GBX 1,238 ($16.01) per share, for a total transaction of £99,510.44 ($128,699.48). 6.18% of the stock is owned by insiders.
About Big Yellow Group
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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