SEGRO (LON:SGRO) Receives “Buy” Rating from Shore Capital

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

Other research analysts have also issued reports about the stock. UBS Group lowered shares of SEGRO to a neutral rating and reduced their price objective for the company from GBX 1,045 ($13.99) to GBX 985 ($13.19) in a research note on Tuesday, August 20th. Barclays reiterated an overweight rating and issued a GBX 1,050 ($14.06) price objective on shares of SEGRO in a research note on Monday, September 9th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 1,050 ($14.06) price objective on shares of SEGRO in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group reduced their price objective on shares of SEGRO from GBX 950 ($12.72) to GBX 930 ($12.45) and set a hold rating for the company in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, SEGRO presently has a consensus rating of Moderate Buy and an average price target of GBX 986.50 ($13.21).

SEGRO Price Performance

The business’s 50-day moving average is GBX 891.12 and its 200 day moving average is GBX 891.19. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. SEGRO has a one year low of GBX 675 ($9.04) and a one year high of GBX 949 ($12.71). The stock has a market cap of £11.89 billion, a price-to-earnings 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 declared a dividend, which was paid on Friday, September 20th. Stockholders 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 (DPR) 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.