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.
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.
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%.
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 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.
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