SEGRO Plc (LON:SGRO – Get Rating) insider Andy Harrison acquired 40,199 shares of the business’s stock in a transaction dated Friday, June 17th. The stock was acquired at an average price of GBX 988 ($12.10) per share, with a total value of £397,166.12 ($486,484.71).
Shares of SEGRO stock opened at GBX 999 ($12.24) on Thursday. SEGRO Plc has a 52 week low of GBX 950.80 ($11.65) and a 52 week high of GBX 1,508 ($18.47). The business’s fifty day simple moving average is GBX 1,150.28 and its 200-day simple moving average is GBX 1,265.34. The firm has a market cap of £12.07 billion and a PE ratio of 2.95. The company has a quick ratio of 0.55, a current ratio of 0.68 and a debt-to-equity ratio of 26.33.
A number of research firms have recently commented on SGRO. Berenberg Bank restated a “buy” rating and issued a GBX 1,560 ($19.11) price objective on shares of SEGRO in a research report on Thursday, May 5th. Morgan Stanley reiterated an “overweight” rating on shares of SEGRO in a research report on Wednesday, May 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 1,250 ($15.31) price target on shares of SEGRO in a research report on Wednesday, May 11th. Barclays reiterated an “overweight” rating and set a GBX 1,545 ($18.92) price target on shares of SEGRO in a research report on Monday, May 30th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SEGRO in a research report on Wednesday, April 6th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,401.50 ($17.17).
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 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors.
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