SEGRO Plc (LON:SGRO) Insider Andy Harrison Acquires 78,960 Shares

SEGRO Plc (LON:SGRO – Get Rating) insider Andy Harrison acquired 78,960 shares of the business’s stock in a transaction on Monday, March 6th. The shares were purchased at an average price of GBX 812 ($9.76) per share, for a total transaction of £641,155.20 ($770,989.90).

Andy Harrison also recently made the following trade(s):

• On Friday, March 3rd, Andy Harrison purchased 149,587 shares of SEGRO stock. The shares were purchased at an average cost of GBX 817 ($9.82) per share, with a total value of £1,222,125.79 ($1,469,607.73).
• On Monday, February 20th, Andy Harrison acquired 115,379 shares of SEGRO stock. The shares were purchased at an average price of GBX 861 ($10.35) per share, with a total value of £993,413.19 ($1,194,580.56).

SEGRO Stock Up 0.8 %

SGRO stock opened at GBX 820.60 ($9.87) on Tuesday. SEGRO Plc has a fifty-two week low of GBX 669.20 ($8.05) and a fifty-two week high of GBX 1,408 ($16.93). The company has a market capitalization of £9.93 billion, a price-to-earnings ratio of -516.10, a price-to-earnings-growth ratio of 2.30 and a beta of 0.70. The business’s 50 day moving average price is GBX 824.01 and its two-hundred day moving average price is GBX 821.21. The company has a debt-to-equity ratio of 43.59, a quick ratio of 0.62 and a current ratio of 0.73.

SEGRO Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 4th. Investors of record on Thursday, March 16th will be given a dividend of GBX 18.20 ($0.22) per share. This represents a yield of 2.18%. This is a positive change from SEGRO’s previous dividend of $8.10. The ex-dividend date is Thursday, March 16th. SEGRO’s payout ratio is -1,635.22%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SGRO shares. Peel Hunt reaffirmed an “add” rating and issued a GBX 920 ($11.06) price target on shares of SEGRO in a research report on Tuesday, February 21st. JPMorgan Chase & Co. lifted their target price on shares of SEGRO from GBX 960 ($11.54) to GBX 1,000 ($12.03) and gave the company an “overweight” rating in a research note on Tuesday, February 21st. Citigroup lowered shares of SEGRO to a “neutral” rating in a report on Tuesday, February 14th. Royal Bank of Canada boosted their price target on shares of SEGRO from GBX 925 ($11.12) to GBX 975 ($11.72) and gave the company an “outperform” rating in a report on Tuesday, February 21st. Finally, Berenberg Bank boosted their price target on shares of SEGRO from GBX 1,040 ($12.51) to GBX 1,100 ($13.23) and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, SEGRO presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,061.33 ($12.76).

SEGRO Company Profile

(Get Rating)

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors.