SEGRO Plc (LON:SGRO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

SEGRO Plc (LON:SGRO) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 944.67 ($12.15).

SGRO has been the subject of several recent research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 10th. Jefferies Financial Group lowered their price objective on SEGRO from GBX 950 ($12.22) to GBX 930 ($11.96) and set a “hold” rating for the company in a research note on Monday, July 29th. Finally, Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research note on Thursday, April 11th.

Insider Buying and Selling

In related news, insider Soumen Das acquired 408 shares of the company’s stock in a transaction on Friday, May 10th. The shares were acquired at an average cost of GBX 882 ($11.35) per share, for a total transaction of £3,598.56 ($4,628.97). In related news, insider Soumen Das acquired 408 shares of the company’s stock in a transaction on Friday, May 10th. The shares were acquired at an average cost of GBX 882 ($11.35) per share, for a total transaction of £3,598.56 ($4,628.97). Also, insider David J. R. Sleath sold 108,420 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of GBX 893 ($11.49), for a total value of £968,190.60 ($1,245,421.40). 0.25% of the stock is owned by company insiders.

SEGRO Stock Up 0.2 %

SGRO stock opened at GBX 925.40 ($11.90) on Friday. The firm has a 50-day moving average price of GBX 911.07 and a 200-day moving average price of GBX 882.97. SEGRO has a 12 month low of GBX 675 ($8.68) and a 12 month high of GBX 949 ($12.21). 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 £12.49 billion, a P/E ratio of -4,406.67, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75.

SEGRO Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 8th will be issued a GBX 9.10 ($0.12) dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Thursday, August 8th. SEGRO’s dividend payout ratio is currently -13,333.33%.

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.