SEGRO (LON:SGRO) Upgraded to Overweight by Barclays

Barclays upgraded shares of SEGRO (LON:SGROFree Report) to an overweight rating in a research report report published on Wednesday, MarketBeat reports.

Several other research analysts have also recently weighed in on SGRO. Berenberg Bank boosted their price objective on shares of SEGRO from GBX 863 ($10.83) to GBX 940 ($11.80) and gave the stock a hold rating in a research report on Thursday, February 22nd. Shore Capital restated a buy rating on shares of SEGRO in a research report on Wednesday, February 28th. Finally, HSBC upgraded shares of SEGRO to a buy rating and set a GBX 964 ($12.10) price objective for the company in a research report on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of GBX 952 ($11.95).

Read Our Latest Stock Report on SEGRO

SEGRO Stock Performance

LON:SGRO opened at GBX 877.60 ($11.02) on Wednesday. SEGRO has a 1 year low of GBX 675 ($8.47) and a 1 year high of GBX 913 ($11.46). The firm has a 50 day moving average of GBX 866.14 and a 200-day moving average of GBX 820.34. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 50.61. The stock has a market capitalization of £11.76 billion, a P/E ratio of -4,183.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73.

SEGRO Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th will be issued a dividend of GBX 19.10 ($0.24) per share. This represents a yield of 2.29%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from SEGRO’s previous dividend of $8.70. SEGRO’s payout ratio is currently -13,333.33%.

Insiders Place Their Bets

In other SEGRO news, insider Carol Fairweather bought 8,000 shares of the stock in a transaction on Thursday, March 7th. The stock was purchased at an average price of GBX 878 ($11.02) per share, with a total value of £70,240 ($88,174.74). Company insiders own 0.26% of the company’s stock.

SEGRO Company Profile

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SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.

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Analyst Recommendations for SEGRO (LON:SGRO)

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