Segro’s (SGRO) “Add” Rating Reaffirmed at Peel Hunt

Posted by Ethan Ryder on Apr 8th, 2018 // Comments off

Peel Hunt reissued their add rating on shares of Segro (LON:SGRO) in a report released on Thursday.

Other research analysts have also recently issued reports about the company. Liberum Capital reiterated a buy rating and issued a GBX 640 ($8.98) price objective on shares of Segro in a report on Friday, February 16th. JPMorgan Chase boosted their target price on Segro from GBX 540 ($7.58) to GBX 600 ($8.42) and gave the company an underweight rating in a research report on Monday, January 15th. Numis Securities reissued an add rating and issued a GBX 640 ($8.98) target price on shares of Segro in a research report on Friday, February 16th. Goldman Sachs upped their price objective on Segro from GBX 585 ($8.21) to GBX 620 ($8.70) and gave the stock a neutral rating in a research report on Wednesday, March 14th. Finally, Morgan Stanley upped their price objective on Segro from GBX 610 ($8.56) to GBX 720 ($10.11) and gave the stock an overweight rating in a research report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Segro presently has a consensus rating of Hold and an average target price of GBX 612.17 ($8.59).

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SGRO opened at GBX 614.40 ($8.62) on Thursday. Segro has a one year low of GBX 447.40 ($6.28) and a one year high of GBX 612.80 ($8.60).

Segro (LON:SGRO) last released its quarterly earnings data on Friday, February 16th. The real estate investment trust reported GBX 19.90 ($0.28) EPS for the quarter, beating analysts’ consensus estimates of GBX 19.60 ($0.28) by GBX 0.30 ($0.00). Segro had a return on equity of 21.26% and a net margin of 400.00%. The firm had revenue of £334.70 million for the quarter.

The business also recently disclosed a dividend, which will be paid on Thursday, May 3rd. Stockholders of record on Thursday, March 22nd will be given a dividend of GBX 11.35 ($0.16) per share. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a dividend yield of 1.92%. This is a positive change from Segro’s previous dividend of $11.20.

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Segro Company Profile

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 6.7 million square metres of space (72 million square feet) valued at over £9 billion serving customers from a wide range of industry sectors.

Analyst Recommendations for Segro (LON:SGRO)

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