Big Yellow Group (LON:BYG) Stock Price Passes Above Two Hundred Day Moving Average of $1,395.92

Big Yellow Group Plc (LON:BYG – Get Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,395.92 ($17.10) and traded as high as GBX 1,422 ($17.42). Big Yellow Group shares last traded at GBX 1,389 ($17.02), with a volume of 172,378 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BYG shares. Peel Hunt reissued a “reduce” rating and issued a GBX 1,500 ($18.38) price target on shares of Big Yellow Group in a report on Tuesday, May 24th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,600 ($19.61) price target on shares of Big Yellow Group in a report on Tuesday, June 21st. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a GBX 1,375 ($16.85) price target on shares of Big Yellow Group in a report on Friday, May 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 1,574.17 ($19.29).

Big Yellow Group Stock Performance

The stock has a market capitalization of £2.56 billion and a PE ratio of 361.72. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of 20.08. The firm has a 50 day moving average price of GBX 1,326.18 and a 200-day moving average price of GBX 1,395.92.

Big Yellow Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, July 7th were paid a GBX 21.40 ($0.26) dividend. This represents a dividend yield of 1.66%. This is a boost from Big Yellow Group’s previous dividend of $20.60. The ex-dividend date of this dividend was Thursday, July 7th. Big Yellow Group’s dividend payout ratio (DPR) is presently 9.79%.

Big Yellow Group Company Profile

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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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