JPMorgan Chase & Co. Reaffirms “Overweight” Rating for SEGRO (LON:SGRO)

JPMorgan Chase & Co. reissued their overweight rating on shares of SEGRO (LON:SGRO) in a research report sent to investors on Monday, MarketBeat.com reports. They currently have a GBX 1,050 ($13.87) price target on the real estate investment trust’s stock.

Several other research firms also recently commented on SGRO. Shore Capital reaffirmed a buy rating on shares of SEGRO in a research note on Wednesday, September 4th. UBS Group cut shares of SEGRO to a neutral rating and decreased their target price for the stock from GBX 1,045 ($13.80) to GBX 985 ($13.01) in a research note on Tuesday, August 20th. Jefferies Financial Group lowered their price target on shares of SEGRO from GBX 950 ($12.55) to GBX 930 ($12.29) and set a hold rating on the stock in a report on Monday, July 29th. Finally, Barclays reissued an overweight rating and issued a GBX 1,050 ($13.87) price objective on shares of SEGRO in a research note on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of GBX 986.50 ($13.03).

SEGRO Stock Up 1.3 %

SGRO opened at GBX 889.80 ($11.75) on Monday. The firm’s 50 day simple moving average is GBX 897.75 and its two-hundred day simple moving average is GBX 891.07. The company has a market capitalization of £12.01 billion, a PE ratio of -4,237.14, a PEG ratio of 2.12 and a beta of 0.79. SEGRO has a 1-year low of GBX 675 ($8.92) and a 1-year high of GBX 949 ($12.54). 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 Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 8th will be issued a GBX 9.10 ($0.12) dividend. 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%.

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.