Big Yellow Group (LON:BYG) Given New GBX 1,385 Price Target at JPMorgan Chase & Co.

Big Yellow Group (LON:BYG) had its target price lifted by JPMorgan Chase & Co. from GBX 1,315 ($16.71) to GBX 1,385 ($17.60) in a research report report published on Thursday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts have also weighed in on the stock. Berenberg Bank increased their target price on shares of Big Yellow Group from GBX 1,186 ($15.07) to GBX 1,285 ($16.33) and gave the stock a hold rating in a research report on Tuesday, May 21st. Jefferies Financial Group reissued a buy rating and issued a GBX 1,359 ($17.27) price target on shares of Big Yellow Group in a report on Tuesday, May 21st.

Big Yellow Group Price Performance

Shares of LON:BYG opened at GBX 1,244 ($15.81) on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 16.76. The firm has a market capitalization of £2.44 billion, a PE ratio of 1,231.68, a P/E/G ratio of 2.40 and a beta of 0.63. Big Yellow Group has a twelve month low of GBX 901 ($11.45) and a twelve month high of GBX 1,268 ($16.12). The company has a 50-day moving average price of GBX 1,092.88 and a two-hundred day moving average price of GBX 1,104.15.

Big Yellow Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, July 4th will be issued a GBX 22.60 ($0.29) dividend. This represents a dividend yield of 1.92%. The ex-dividend date is Thursday, July 4th. Big Yellow Group’s payout ratio is 4,455.45%.

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.