SEGRO Plc (LON:SGRO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of SEGRO Plc (LON:SGRO) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 986.50 ($12.88).

A number of research firms recently weighed in on SGRO. Jefferies Financial Group decreased their price objective on SEGRO from GBX 950 ($12.41) to GBX 930 ($12.14) and set a “hold” rating for the company in a report on Monday, July 29th. Barclays reiterated an “overweight” rating and set a GBX 1,050 ($13.71) price target on shares of SEGRO in a report on Monday, September 9th. UBS Group downgraded SEGRO to a “neutral” rating and decreased their price target for the stock from GBX 1,045 ($13.65) to GBX 985 ($12.86) in a report on Tuesday, August 20th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,050 ($13.71) price target on shares of SEGRO in a report on Tuesday, September 24th. Finally, Shore Capital reiterated a “buy” rating on shares of SEGRO in a report on Thursday, September 26th.

SEGRO Stock Up 0.5 %

Shares of SGRO opened at GBX 847 ($11.06) on Thursday. SEGRO has a 52 week low of GBX 675 ($8.81) and a 52 week high of GBX 949 ($12.39). The stock has a market capitalization of £11.43 billion, a price-to-earnings ratio of -4,015.24, a PEG ratio of 2.12 and a beta of 0.79. 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 has a fifty day moving average of GBX 880.04 and a 200-day moving average of GBX 889.97.

SEGRO Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 8th were issued a GBX 9.10 ($0.12) dividend. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 1%. SEGRO’s dividend payout ratio (DPR) 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.