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

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

A number of other brokerages also recently weighed in on SGRO. Jefferies Financial Group decreased their price target on SEGRO from GBX 950 ($12.72) to GBX 930 ($12.45) and set a hold rating for the company in a report on Monday, July 29th. UBS Group downgraded SEGRO to a neutral rating and decreased their price target for the stock from GBX 1,045 ($13.99) to GBX 985 ($13.19) in a report on Tuesday, August 20th. Barclays reiterated an overweight rating and set a GBX 1,050 ($14.06) price target on shares of SEGRO in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a GBX 1,050 ($14.06) price objective on shares of SEGRO in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of GBX 986.50 ($13.21).

SEGRO Stock Performance

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 stock’s fifty day simple moving average is GBX 891.12 and its 200-day simple moving average is GBX 891.19. SEGRO has a 1-year low of GBX 675 ($9.04) and a 1-year high of GBX 949 ($12.71). The firm has a market cap of £11.89 billion, a P/E ratio of -4,220.95, 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 was paid on Friday, September 20th. Shareholders of record on Thursday, August 8th were given 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 currently -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.