Trading Report: Today, Jefferies Group Downgraded Big Yellow Group plc (BYG) Price Target to GBX 740

Today, Jefferies Group Downgraded Big Yellow Group plc (BYG) Price Target to GBX 740

Big Yellow Group plc (LON:BYG) had its price objective cut by Jefferies Group from GBX 776 ($9.63) to GBX 740 ($9.18) in a report published on Wednesday. They currently have a buy rating on the stock.

Several other brokerages have also commented on BYG. Peel Hunt reiterated a hold rating and set a GBX 675 ($8.37) price objective on shares of Big Yellow Group plc in a report on Tuesday, November 22nd. Numis Securities Ltd reiterated an add rating and set a GBX 808 ($10.02) price objective on shares of Big Yellow Group plc in a report on Tuesday, November 22nd. Liberum Capital upgraded Big Yellow Group plc to a buy rating and increased their price objective for the company from GBX 785 ($9.74) to GBX 800 ($9.92) in a report on Tuesday, November 1st. JPMorgan Chase & Co. decreased their price objective on Big Yellow Group plc from GBX 865 ($10.73) to GBX 820 ($10.17) and set an underweight rating for the company in a report on Tuesday, September 6th. Finally, Morgan Stanley decreased their price objective on Big Yellow Group plc from GBX 800 ($9.92) to GBX 720 ($8.93) and set an equal weight rating for the company 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 issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 784.70 ($9.73).

Shares of Big Yellow Group plc (LON:BYG) opened at 664.00 on Wednesday. The company’s market cap is GBX 1.04 billion. The firm’s 50-day moving average price is GBX 690.12 and its 200 day moving average price is 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 business also recently disclosed a dividend, which will be paid on Friday, January 6th. Shareholders of record on Thursday, December 8th will be paid a dividend of GBX 13.50 ($0.17) per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a dividend yield of 2.02%. This is a positive change from Big Yellow Group plc’s previous dividend of $12.80.

In other Big Yellow Group plc news, insider Gibson,James sold 66,098 shares of Big Yellow Group plc stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of GBX 767 ($9.51), for a total transaction of £506,971.66 ($628,919.07). Also, insider Tim Clark acquired 1,963 shares of Big Yellow Group plc stock in a transaction on Thursday, September 22nd. The shares were bought at an average price of GBX 776 ($9.63) per share, with a total value of £15,232.88 ($18,897.01).

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