Barclays Reaffirms “Overweight” Rating for Big Yellow Group (LON:BYG)

Barclays reissued their overweight rating on shares of Big Yellow Group (LON:BYGGet Rating) in a report issued on Tuesday morning, MarketBeat Ratings reports. They currently have a GBX 1,200 ($14.19) target price on the stock.

Big Yellow Group Price Performance

Shares of BYG opened at GBX 1,135 ($13.42) on Tuesday. Big Yellow Group has a 52-week low of GBX 938.50 ($11.10) and a 52-week high of GBX 1,760 ($20.81). The company has a debt-to-equity ratio of 23.04, a quick ratio of 0.33 and a current ratio of 0.36. The business’s 50 day moving average price is GBX 1,102.49 and its two-hundred day moving average price is GBX 1,241.35. The firm has a market cap of £2.09 billion and a PE ratio of 295.57.

Big Yellow Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 26th. Stockholders of record on Thursday, January 5th will be given a dividend of GBX 22.30 ($0.26) per share. This represents a dividend yield of 1.91%. This is a positive change from Big Yellow Group’s previous dividend of $21.40. The ex-dividend date of this dividend is Thursday, January 5th. Big Yellow Group’s dividend payout ratio is presently 9.79%.

Insider Transactions at Big Yellow Group

In other news, insider James Gibson bought 25,627 shares of the stock in a transaction dated Wednesday, September 28th. The shares were bought at an average cost of GBX 976 ($11.54) per share, with a total value of £250,119.52 ($295,754.43). In other news, insider James Gibson bought 25,627 shares of the stock in a transaction dated Wednesday, September 28th. The shares were bought at an average cost of GBX 976 ($11.54) per share, with a total value of £250,119.52 ($295,754.43). Also, insider Nicholas Vetch bought 22,000 shares of the stock in a transaction dated Thursday, September 22nd. The shares were purchased at an average cost of GBX 1,134 ($13.41) per share, for a total transaction of £249,480 ($294,998.23). Insiders have bought 69,849 shares of company stock valued at $74,959,702 over the last ninety days.

About Big Yellow Group

(Get Rating)

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.

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Analyst Recommendations for Big Yellow Group (LON:BYG)

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