SEGRO (SGRO) Hits New 52-Week High at $713.00

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SEGRO plc (LON:SGRO) hit a new 52-week high on Thursday . The stock traded as high as GBX 713 ($9.32) and last traded at GBX 711.20 ($9.29), with a volume of 2651640 shares. The stock had previously closed at GBX 708 ($9.25).

Several brokerages recently weighed in on SGRO. Goldman Sachs Group upped their target price on shares of SEGRO from GBX 701 ($9.16) to GBX 800 ($10.45) and gave the stock a “buy” rating in a research note on Tuesday. Peel Hunt reaffirmed a “hold” rating on shares of SEGRO in a research note on Wednesday, May 8th. Liberum Capital reaffirmed a “buy” rating on shares of SEGRO in a research note on Wednesday, April 17th. Deutsche Bank reissued a “buy” rating on shares of SEGRO in a research report on Tuesday, March 19th. Finally, Morgan Stanley increased their price objective on shares of SEGRO from GBX 760 ($9.93) to GBX 830 ($10.85) and gave the company an “underweight” rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 725.64 ($9.48).

The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 34.18. The stock has a market cap of $7.67 billion and a P/E ratio of 6.79.

The company also recently disclosed a dividend, which was paid on Thursday, May 2nd. Shareholders of record on Thursday, March 21st were given a GBX 13.25 ($0.17) dividend. The ex-dividend date was Thursday, March 21st. This is an increase from SEGRO’s previous dividend of $5.55. This represents a dividend yield of 2.04%. SEGRO’s dividend payout ratio is currently 0.18%.

In other SEGRO news, insider Liz Reilly sold 4,995 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of GBX 686 ($8.96), for a total value of £34,265.70 ($44,774.21).

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About SEGRO (LON:SGRO)

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 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.

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