SEGRO Plc (LON:SGRO) Receives GBX 986.50 Consensus Target Price from Analysts

Shares of SEGRO Plc (LON:SGRO) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 986.50 ($12.88).

A number of brokerages recently commented on SGRO. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,050 ($13.71) price target on shares of SEGRO in a report on Tuesday, September 24th. UBS Group lowered SEGRO to a “neutral” rating and dropped their price target for the stock from GBX 1,045 ($13.65) to GBX 985 ($12.86) in a report on Tuesday, August 20th. Barclays reiterated an “overweight” rating and set a GBX 1,050 ($13.71) price target on shares of SEGRO in a report on Monday, September 9th. Shore Capital restated a “buy” rating on shares of SEGRO in a research note on Thursday, September 26th. Finally, Jefferies Financial Group lowered their target price on SEGRO from GBX 950 ($12.41) to GBX 930 ($12.14) and set a “hold” rating on the stock in a research note on Monday, July 29th.

SEGRO Stock Performance

Shares of SEGRO stock opened at GBX 849 ($11.09) on Thursday. The business’s fifty day simple moving average is GBX 877.09 and its 200 day simple moving average is GBX 889.31. The firm has a market capitalization of £11.46 billion, a P/E ratio of -4,041.90, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. SEGRO has a 12 month low of GBX 675 ($8.81) and a 12 month high of GBX 949 ($12.39). 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 company also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 8th were paid a GBX 9.10 ($0.12) dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 1%. SEGRO’s 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.