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

Shares of SEGRO Plc (LON:SGRO) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 944.67 ($12.15).

A number of research analysts have recently issued reports on SGRO shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of SEGRO in a report on Wednesday, April 10th. Jefferies Financial Group lowered their price target on SEGRO from GBX 950 ($12.22) to GBX 930 ($11.96) and set a “hold” rating on the stock in a report on Monday, July 29th. Finally, Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a report on Thursday, April 11th.

Insider Activity at SEGRO

In other SEGRO news, insider David J. R. Sleath sold 108,420 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of GBX 893 ($11.49), for a total value of £968,190.60 ($1,245,421.40). In other SEGRO news, insider Soumen Das bought 408 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price 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 stock in a transaction that occurred 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 Trading Up 0.2 %

Shares of LON:SGRO opened at GBX 925.40 ($11.90) on Friday. The company has a market cap of £12.49 billion, a P/E ratio of -4,406.67, a PEG ratio of 2.12 and a beta of 0.75. The company has a debt-to-equity ratio of 50.61, a current ratio of 0.88 and a quick ratio of 0.62. SEGRO has a 1 year low of GBX 675 ($8.68) and a 1 year high of GBX 949 ($12.21). The stock’s fifty day moving average price is GBX 911.07 and its 200-day moving average price is GBX 882.97.

SEGRO Cuts Dividend

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