JPMorgan Chase & Co. Reiterates “Overweight” Rating for Big Yellow Group (LON:BYG)

JPMorgan Chase & Co. reiterated their overweight rating on shares of Big Yellow Group (LON:BYG – Get Rating) in a report issued on Thursday morning, MarketBeat reports. The firm currently has a GBX 1,350 ($16.79) target price on the stock.

Other analysts have also recently issued reports about the company. Peel Hunt reiterated a hold rating and issued a GBX 1,100 ($13.68) price target on shares of Big Yellow Group in a research report on Tuesday. Barclays reiterated an overweight rating and issued a GBX 1,200 ($14.93) price target on shares of Big Yellow Group in a research report on Wednesday.

Big Yellow Group Stock Performance

Shares of LON:BYG opened at GBX 1,122 ($13.96) on Thursday. The business’s fifty day moving average price is GBX 1,178.14 and its two-hundred day moving average price is GBX 1,181.11. Big Yellow Group has a fifty-two week low of GBX 938.50 ($11.67) and a fifty-two week high of GBX 1,440 ($17.91). The stock has a market capitalization of £2.07 billion, a price-to-earnings ratio of 459.76, a price-to-earnings-growth ratio of 2.62 and a beta of 0.59. The company has a debt-to-equity ratio of 23.04, a current ratio of 0.36 and a quick ratio of 0.29.

Big Yellow Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 28th. Shareholders of record on Thursday, July 6th will be paid a GBX 22.90 ($0.28) dividend. The ex-dividend date of this dividend is Thursday, July 6th. This represents a yield of 1.98%. This is a positive change from Big Yellow Group’s previous dividend of $22.30. Big Yellow Group’s payout ratio is currently 1,788.62%.

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.