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

Shares of SEGRO Plc (LON:SGRO) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 952 ($11.85).

Several research firms have issued reports on SGRO. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 10th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,042 ($12.97) price objective on shares of SEGRO in a research note on Thursday. HSBC upgraded SEGRO to a “buy” rating and set a GBX 964 ($12.00) price objective on the stock in a research note on Thursday, March 21st. Shore Capital restated a “buy” rating on shares of SEGRO in a research note on Thursday, April 11th. Finally, Berenberg Bank raised their target price on SEGRO from GBX 863 ($10.74) to GBX 940 ($11.70) and gave the stock a “hold” rating in a research report on Thursday, February 22nd.

SEGRO Stock Up 1.5 %

LON SGRO traded up GBX 12.80 ($0.16) during trading hours on Thursday, hitting GBX 840.40 ($10.46). 3,412,333 shares of the company traded hands, compared to its average volume of 2,861,266. The business’s 50-day moving average is GBX 865.45 and its 200-day moving average is GBX 829.65. SEGRO has a twelve month low of GBX 675 ($8.40) and a twelve month high of GBX 913 ($11.37). The company has a debt-to-equity ratio of 50.61, a quick ratio of 0.62 and a current ratio of 0.88. The stock has a market capitalization of £11.26 billion, a price-to-earnings ratio of -4,001.90, a P/E/G ratio of 2.12 and a beta of 0.73.

SEGRO Increases Dividend

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

Insiders Place Their Bets

In other SEGRO news, insider Carol Fairweather acquired 8,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was purchased at an average price of GBX 878 ($10.93) per share, with a total value of £70,240 ($87,439.31). 0.26% of the stock is currently owned by insiders.

About SEGRO

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.