Big Yellow Group (LON:BYG) Stock Price Passes Above 200 Day Moving Average of $1,128.22

Big Yellow Group Plc (LON:BYG)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,128.22 ($14.41) and traded as high as GBX 1,216 ($15.53). Big Yellow Group shares last traded at GBX 1,216 ($15.53), with a volume of 192,084 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BYG. JPMorgan Chase & Co. lifted their price target on Big Yellow Group from GBX 1,315 ($16.79) to GBX 1,385 ($17.68) and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,359 ($17.35) target price on shares of Big Yellow Group in a report on Tuesday, May 21st. Finally, Berenberg Bank raised their price target on Big Yellow Group from GBX 1,186 ($15.14) to GBX 1,285 ($16.41) and gave the company a “hold” rating in a report on Tuesday, May 21st.

Big Yellow Group Price Performance

The stock has a market capitalization of £2.39 billion, a price-to-earnings ratio of 965.08, a P/E/G ratio of 2.40 and a beta of 0.69. The company’s 50-day simple moving average is GBX 1,190.27 and its 200-day simple moving average is GBX 1,128.22. The company has a debt-to-equity ratio of 16.76, a current ratio of 0.36 and a quick ratio of 0.29.

Big Yellow Group Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, July 26th. Investors of record on Thursday, July 4th were issued a dividend of GBX 22.60 ($0.29) per share. The ex-dividend date was Thursday, July 4th. This represents a yield of 1.92%. Big Yellow Group’s payout ratio is currently 3,571.43%.

Insider Activity at Big Yellow Group

In other news, insider Nicholas Vetch bought 8,038 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was bought at an average price of GBX 1,238 ($15.81) per share, with a total value of £99,510.44 ($127,056.23). 6.18% of the stock is currently owned by corporate 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.