Trading Report: Today, Big Yellow Group plc (BYG) Raised to Buy at Goldman Sachs Group Inc.

Today, Big Yellow Group plc (BYG) Raised to Buy at Goldman Sachs Group Inc.

Goldman Sachs Group Inc. upgraded shares of Big Yellow Group plc (LON:BYG) to a buy rating in a research report released on Thursday morning. The brokerage currently has GBX 885 ($10.98) price target on the stock.

Several other equities research analysts have also recently issued reports on BYG. JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 820 ($10.17) target price on shares of Big Yellow Group plc in a research report on Wednesday, November 23rd. Jefferies Group decreased their target price on shares of Big Yellow Group plc from GBX 776 ($9.63) to GBX 740 ($9.18) and set a buy rating on the stock in a research report on Wednesday, November 23rd. Peel Hunt reissued a hold rating and issued a GBX 675 ($8.37) target price on shares of Big Yellow Group plc in a research report on Tuesday, November 22nd. Numis Securities Ltd reissued an add rating and issued a GBX 808 ($10.02) target price on shares of Big Yellow Group plc in a research report on Tuesday, November 22nd. Finally, Liberum Capital raised shares of Big Yellow Group plc to a buy rating and raised their target price for the stock from GBX 785 ($9.74) to GBX 800 ($9.92) in a research report on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Big Yellow Group plc currently has an average rating of Hold and an average price target of GBX 784.70 ($9.73).

Shares of Big Yellow Group plc (LON:BYG) opened at 659.00 on Thursday. The stock’s market capitalization is GBX 1.03 billion. The firm has a 50 day moving average of GBX 690.12 and a 200-day moving average of GBX 751.43. Big Yellow Group plc has a 12 month low of GBX 648.50 and a 12 month high of GBX 893.50.

The company also recently announced a dividend, which will be paid on Friday, January 6th. Stockholders of record on Thursday, December 8th will be given a dividend of GBX 13.50 ($0.17) per share. This is a boost from Big Yellow Group plc’s previous dividend of $12.80. This represents a dividend yield of 2.02%. The ex-dividend date is Thursday, December 8th.

In other news, insider Tim Clark bought 1,963 shares of Big Yellow Group plc stock in a transaction dated Thursday, September 22nd. The shares were acquired at an average cost of GBX 776 ($9.63) per share, with a total value of £15,232.88 ($18,897.01). Also, insider Georgina Harvey bought 2,280 shares of Big Yellow Group plc stock in a transaction dated Wednesday, November 23rd. The shares were purchased at an average cost of GBX 668 ($8.29) per share, for a total transaction of £15,230.40 ($18,893.93).

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