Shore Capital Reaffirms Buy Rating for SEGRO (LON:SGRO)

Shore Capital restated their buy rating on shares of SEGRO (LON:SGRO) in a research note published on Wednesday, MarketBeat Ratings reports.

A number of other analysts have also recently commented on SGRO. UBS Group cut shares of SEGRO to a neutral rating and dropped their price target for the company from GBX 1,045 ($13.74) to GBX 985 ($12.95) in a research note on Tuesday, August 20th. Jefferies Financial Group dropped their target price on SEGRO from GBX 950 ($12.49) to GBX 930 ($12.23) and set a hold rating on the stock in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. raised their price target on SEGRO from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) and gave the stock an overweight rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of GBX 973.80 ($12.80).

SEGRO Price Performance

LON SGRO opened at GBX 877.40 ($11.54) on Wednesday. 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 company has a market cap of £11.84 billion, a PE ratio of -4,178.10, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. SEGRO has a 52 week low of GBX 675 ($8.88) and a 52 week high of GBX 949 ($12.48). The firm’s 50-day simple moving average is GBX 899.91 and its two-hundred day simple moving average is GBX 889.01.

SEGRO Cuts Dividend

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