Trade Report: The Goldman Sachs Group Inc. Upgraded Big Yellow Group plc (BYG) to Buy

The Goldman Sachs Group Inc. Upgraded Big Yellow Group plc (BYG) to Buy

Big Yellow Group plc (LON:BYG) was upgraded by equities research analysts at Goldman Sachs Group Inc. to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage currently has a GBX 885 ($11.06) price target on the stock. Goldman Sachs Group Inc.’s price target points to a potential upside of 33.55% from the stock’s previous close.

A number of other research firms also recently commented on BYG. Numis Securities Ltd raised shares of Big Yellow Group plc to an “add” rating and decreased their price objective for the stock from GBX 905 ($11.31) to GBX 808 ($10.09) in a report on Tuesday, August 2nd. Liberum Capital raised shares of Big Yellow Group plc to a “buy” rating and boosted their price objective for the stock from GBX 785 ($9.81) to GBX 800 ($10.00) in a report on Tuesday, November 1st. JPMorgan Chase & Co. decreased their price objective on shares of Big Yellow Group plc from GBX 865 ($10.81) to GBX 820 ($10.24) and set an “underweight” rating on the stock in a report on Tuesday, September 6th. Jefferies Group decreased their price objective on shares of Big Yellow Group plc from GBX 776 ($9.70) to GBX 740 ($9.25) and set a “buy” rating on the stock in a report on Wednesday, November 23rd. Finally, Morgan Stanley decreased their price objective on shares of Big Yellow Group plc from GBX 800 ($10.00) to GBX 720 ($9.00) and set an “equal weight” rating on the stock in a report on Wednesday, August 31st. Two 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 has a consensus rating of “Hold” and an average target price of GBX 784.70 ($9.80).

Big Yellow Group plc (LON:BYG) opened at 661.50 on Thursday. Big Yellow Group plc has a 52-week low of GBX 648.50 and a 52-week high of GBX 893.50. The company’s 50 day moving average is GBX 693.49 and its 200-day moving average is GBX 754.03. The stock’s market cap is GBX 1.03 billion.

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

In other news, insider Gibson,James sold 66,098 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of GBX 767 ($9.58), for a total value of £506,971.66 ($633,397.88). Also, insider Tim Clark acquired 1,963 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was purchased at an average cost of GBX 776 ($9.70) per share, with a total value of £15,232.88 ($19,031.58).

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