SEGRO Plc (LON:SGRO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of SEGRO Plc (LON:SGRO) have been given an average rating of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 986.50 ($13.03).

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,050 ($13.87) price objective on shares of SEGRO in a report on Monday, September 16th. Shore Capital reissued a “buy” rating on shares of SEGRO in a report on Wednesday, September 4th. UBS Group downgraded shares of SEGRO to a “neutral” rating and reduced their price objective for the stock from GBX 1,045 ($13.80) to GBX 985 ($13.01) in a report on Tuesday, August 20th. Barclays reissued an “overweight” rating and set a GBX 1,050 ($13.87) target price on shares of SEGRO in a research note on Monday, September 9th. Finally, Jefferies Financial Group decreased their price objective on shares of SEGRO from GBX 950 ($12.55) to GBX 930 ($12.29) and set a “hold” rating for the company in a report on Monday, July 29th.

SEGRO Trading Down 2.1 %

LON:SGRO opened at GBX 871.20 ($11.51) on Friday. SEGRO has a 12-month low of GBX 675 ($8.92) and a 12-month high of GBX 949 ($12.54). The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62. The business has a 50 day simple moving average of GBX 896.25 and a 200 day simple moving average of GBX 891.13. The firm has a market capitalization of £11.76 billion, a P/E ratio of -4,148.57, a P/E/G ratio of 2.12 and a beta of 0.79.

SEGRO Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 20th. Stockholders 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 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.