SEGRO’s (SGRO) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of SEGRO (LON:SGRO) in a research report report published on Thursday, MarketBeat.com reports.

Other equities analysts have also recently issued research reports about the stock. Barclays reissued an overweight rating and issued a GBX 1,050 ($14.06) target price on shares of SEGRO in a report on Monday, September 9th. Jefferies Financial Group dropped their price target on shares of SEGRO from GBX 950 ($12.72) to GBX 930 ($12.45) and set a hold rating on the stock in a research note on Monday, July 29th. UBS Group lowered shares of SEGRO to a neutral rating and dropped their price target for the company from GBX 1,045 ($13.99) to GBX 985 ($13.19) in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. restated an overweight rating and issued a GBX 1,050 ($14.06) price target on shares of SEGRO in a research note on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, SEGRO presently has a consensus rating of Moderate Buy and a consensus price target of GBX 986.50 ($13.21).

SEGRO Stock Performance

Shares of LON SGRO opened at GBX 880.40 ($11.79) on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.30 and a debt-to-equity ratio of 42.10. The firm’s 50-day moving average price is GBX 891.12 and its two-hundred day moving average price is GBX 891.19. SEGRO has a 52-week low of GBX 675 ($9.04) and a 52-week high of GBX 949 ($12.71). The stock has a market capitalization of £11.89 billion, a P/E ratio of -4,192.38, a P/E/G ratio of 2.12 and a beta of 0.79.

SEGRO Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 8th were paid a dividend of GBX 9.10 ($0.12) per share. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 1%. SEGRO’s dividend payout ratio is presently -13,333.33%.

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.