SEGRO Plc (LON:SGRO) Given Average Rating of “Moderate Buy” by Analysts

SEGRO Plc (LON:SGRO) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 982 ($12.13).

Several research analysts recently weighed in on the stock. Barclays raised shares of SEGRO to an “overweight” rating in a research note on Wednesday, April 3rd. HSBC raised shares of SEGRO to a “buy” rating and set a GBX 964 ($11.91) target price for the company in a research note on Thursday, March 21st. Berenberg Bank boosted their target price on shares of SEGRO from GBX 863 ($10.66) to GBX 940 ($11.61) and gave the company a “hold” rating in a research note on Thursday, February 22nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,042 ($12.87) target price on shares of SEGRO in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 10th.

SEGRO Trading Down 0.4 %

LON:SGRO opened at GBX 845.60 ($10.44) on Thursday. The stock has a fifty day simple moving average of GBX 867.84 and a 200-day simple moving average of GBX 834.75. SEGRO has a 52-week low of GBX 675 ($8.34) and a 52-week high of GBX 913 ($11.28). The company has a market capitalization of £11.33 billion, a PE ratio of -4,042.86, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 50.61.

SEGRO Increases Dividend

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

Insider Buying and Selling at SEGRO

In other news, insider Carol Fairweather bought 8,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was acquired at an average price of GBX 878 ($10.84) per share, for a total transaction of £70,240 ($86,758.89). 0.26% of the stock is owned by company insiders.

SEGRO Company Profile

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.