The Jefferies Group Cuts Big Yellow Group plc (BYG) Price Target to GBX 740

The Jefferies Group Cuts Big Yellow Group plc (BYG) Price Target to GBX 740

Big Yellow Group plc (LON:BYG) had its target price trimmed by Jefferies Group from GBX 776 ($9.70) to GBX 740 ($9.25) in a report published on Wednesday. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently commented on BYG. Numis Securities Ltd upgraded Big Yellow Group plc to an add rating and dropped 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 upgraded Big Yellow Group plc to a buy rating and increased 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. dropped their price objective on 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. Morgan Stanley dropped their price objective on 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. Finally, Peel Hunt restated a hold rating and issued a GBX 675 ($8.43) price objective on shares of Big Yellow Group plc in a report on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 784.70 ($9.80).

Shares of Big Yellow Group plc (LON:BYG) opened at 661.50 on Wednesday. The firm’s market capitalization is GBX 1.03 billion. Big Yellow Group plc has a 12-month low of GBX 648.50 and a 12-month high of GBX 893.50. The company has a 50-day moving average of GBX 693.49 and a 200 day moving average of GBX 754.03.

The firm 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%. This is a boost from Big Yellow Group plc’s previous dividend of $12.80. The ex-dividend date of this dividend is Thursday, December 8th.

In other Big Yellow Group plc news, insider Tim Clark acquired 1,963 shares of Big Yellow Group plc stock in a transaction dated Thursday, September 22nd. The stock was bought at an average cost of GBX 776 ($9.70) per share, with a total value of £15,232.88 ($19,031.58). Also, insider Gibson,James sold 66,098 shares of the 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).

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