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

Shares of SEGRO Plc (LON:SGRO) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 986.50 ($13.03).

A number of brokerages recently commented on SGRO. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,050 ($13.87) price objective on shares of SEGRO in a research note on Monday. Shore Capital restated a “buy” rating on shares of SEGRO in a research report on Wednesday, September 4th. UBS Group downgraded shares of SEGRO to a “neutral” rating and cut their price objective for the company from GBX 1,045 ($13.80) to GBX 985 ($13.01) in a research report on Tuesday, August 20th. Barclays reissued an “overweight” rating and set a GBX 1,050 ($13.87) target price on shares of SEGRO in a research note on Monday, September 9th. Finally, Jefferies Financial Group dropped their price target on shares of SEGRO from GBX 950 ($12.55) to GBX 930 ($12.29) and set a “hold” rating on the stock in a research note on Monday, July 29th.

SEGRO Trading Up 1.3 %

Shares of SGRO opened at GBX 889.80 ($11.75) on Friday. SEGRO has a one year low of GBX 675 ($8.92) and a one year high of GBX 949 ($12.54). The stock has a 50-day moving average price of GBX 897.75 and a 200 day moving average price of GBX 891.07. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. The company has a market capitalization of £12.01 billion, a P/E ratio of -4,237.14, a P/E/G ratio of 2.12 and a beta of 0.79.

SEGRO Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 8th will be paid a GBX 9.10 ($0.12) dividend. The ex-dividend date is 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.