SEGRO (LON:SGRO) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of SEGRO (LON:SGROFree Report) in a report issued on Thursday, reports. The brokerage currently has a GBX 1,042 ($12.97) target price on the real estate investment trust’s stock.

Several other research firms also recently issued reports on SGRO. Berenberg Bank increased their price objective on shares of SEGRO from GBX 863 ($10.74) to GBX 940 ($11.70) and gave the company a hold rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of SEGRO in a report on Wednesday, April 10th. HSBC raised shares of SEGRO to a buy rating and set a GBX 964 ($12.00) price objective on the stock in a report on Thursday, March 21st. Shore Capital reaffirmed a buy rating on shares of SEGRO in a report on Thursday, April 11th. Finally, Barclays raised shares of SEGRO to an overweight rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to, the company presently has a consensus rating of Moderate Buy and an average price target of GBX 982 ($12.22).

View Our Latest Stock Analysis on SGRO

SEGRO Stock Performance

Shares of LON SGRO opened at GBX 848.60 ($10.56) on Thursday. The company’s fifty day moving average price is GBX 865.60 and its 200 day moving average price is GBX 832.52. SEGRO has a 1 year low of GBX 675 ($8.40) and a 1 year high of GBX 913 ($11.37). The company has a market capitalization of £11.37 billion, a PE ratio of -4,040.95, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73. The company has a debt-to-equity ratio of 50.61, a quick ratio of 0.62 and a current ratio of 0.88.

SEGRO Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 14th will be given a GBX 19.10 ($0.24) dividend. This represents a dividend yield of 2.29%. This is a boost from SEGRO’s previous dividend of $8.70. The ex-dividend date of this dividend is Thursday, March 14th. SEGRO’s dividend payout ratio is -13,333.33%.

Insider Activity

In other SEGRO news, insider Carol Fairweather bought 8,000 shares of SEGRO stock in a transaction dated Thursday, March 7th. The stock was acquired at an average cost of GBX 878 ($10.93) per share, for a total transaction of £70,240 ($87,439.31). Company insiders own 0.26% of the company’s stock.


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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.

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Analyst Recommendations for SEGRO (LON:SGRO)

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