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

March 7, 2023

Shares of SEGRO Plc (LON:SGRO - Get Rating) have been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 996 ($11.98).

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Several research analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on SEGRO from GBX 925 ($11.12) to GBX 975 ($11.72) and gave the stock an "outperform" rating in a research note on Tuesday, February 21st. Citigroup cut SEGRO to a "neutral" rating in a research report on Tuesday, February 14th. Peel Hunt reiterated an "add" rating and set a GBX 920 ($11.06) price target on shares of SEGRO in a research report on Tuesday, February 21st. JPMorgan Chase & Co. boosted their price objective on SEGRO from GBX 960 ($11.54) to GBX 1,000 ($12.03) and gave the company an "overweight" rating in a research report on Tuesday, February 21st. Finally, Shore Capital reaffirmed a "buy" rating on shares of SEGRO in a research note on Tuesday, February 21st.

SEGRO Trading Up 0.8 %

Shares of LON:SGRO opened at GBX 820.60 ($9.87) on Tuesday. SEGRO has a 52-week low of GBX 669.20 ($8.05) and a 52-week high of GBX 1,408 ($16.93). The stock has a market cap of £9.93 billion, a price-to-earnings ratio of -516.10, a PEG ratio of 2.30 and a beta of 0.70. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 43.59. The business has a 50-day moving average price of GBX 824.01 and a 200-day moving average price of GBX 821.21.

SEGRO Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 4th. Investors of record on Thursday, March 16th will be issued a GBX 18.20 ($0.22) dividend. This represents a dividend yield of 2.18%. The ex-dividend date is Thursday, March 16th. This is an increase from SEGRO's previous dividend of $8.10. SEGRO's payout ratio is currently -1,635.22%.

Insider Activity at SEGRO

In related news, insider Andy Harrison purchased 149,587 shares of the business's stock in a transaction on Friday, March 3rd. The shares were bought at an average price of GBX 817 ($9.82) per share, for a total transaction of £1,222,125.79 ($1,469,607.73). In the last 90 days, insiders have bought 343,926 shares of company stock worth $285,669,418. 0.27% of the stock is currently owned by company insiders.

SEGRO Company Profile

(Get Rating)

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.

See Also

Analyst Recommendations for SEGRO (LON:SGRO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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