Analysts Set SEGRO Plc (LON:SGRO) Price Target at GBX 986.50

Shares of SEGRO Plc (LON:SGRO) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 986.50 ($13.03).

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

SEGRO Trading Up 1.3 %

LON SGRO opened at GBX 889.80 ($11.75) on Friday. The company has a market capitalization of £12.01 billion, a PE ratio of -4,237.14, a P/E/G ratio of 2.12 and a beta of 0.79. The stock has a 50-day simple moving average of GBX 897.75 and a 200 day simple moving average of GBX 891.07. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10. SEGRO has a 12 month low of GBX 675 ($8.92) and a 12 month high of GBX 949 ($12.54).

SEGRO Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 8th will be issued a dividend of GBX 9.10 ($0.12) per share. This represents a dividend yield of 1%. The ex-dividend date is Thursday, August 8th. SEGRO’s dividend payout ratio (DPR) is presently -13,333.33%.

SEGRO Company Profile

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.