SEGRO Plc (LON:SGRO) Given Consensus Rating of “Moderate Buy” by Brokerages

SEGRO Plc (LON:SGRO) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 986.50 ($12.88).

SGRO has been the subject of several research reports. Jefferies Financial Group reduced their target price on SEGRO from GBX 950 ($12.41) to GBX 930 ($12.14) and set a “hold” rating for the company in a research note on Monday, July 29th. UBS Group cut SEGRO to a “neutral” rating and reduced their price objective for the company from GBX 1,045 ($13.65) to GBX 985 ($12.86) in a research note on Tuesday, August 20th. Barclays reissued an “overweight” rating and issued a GBX 1,050 ($13.71) price objective on shares of SEGRO in a research note on Monday, September 9th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,050 ($13.71) price objective on shares of SEGRO in a research note on Tuesday, September 24th. Finally, Shore Capital reissued a “buy” rating on shares of SEGRO in a research note on Thursday, September 26th.

SEGRO Price Performance

SEGRO stock opened at GBX 849 ($11.09) on Thursday. The stock has a market capitalization of £11.46 billion, a price-to-earnings ratio of -4,041.90, a PEG ratio of 2.12 and a beta of 0.79. SEGRO has a 52-week low of GBX 675 ($8.81) and a 52-week high of GBX 949 ($12.39). The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. The stock’s 50 day moving average price is GBX 877.09 and its two-hundred day moving average price is GBX 889.31.

SEGRO Cuts Dividend

The business 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 dividend payout ratio 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.