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 report published on Tuesday morning, Marketbeat.com reports. The firm currently has a GBX 1,050 ($14.06) target price on the real estate investment trust’s stock.

A number of other research firms have also recently commented on SGRO. Jefferies Financial Group lowered their price target on SEGRO from GBX 950 ($12.72) to GBX 930 ($12.45) and set a hold rating for the company in a report on Monday, July 29th. Shore Capital reissued a buy rating on shares of SEGRO in a report on Wednesday, September 4th. UBS Group cut SEGRO to a neutral rating and lowered their target price for the stock from GBX 1,045 ($13.99) to GBX 985 ($13.19) in a report on Tuesday, August 20th. Finally, Barclays reaffirmed an overweight rating and issued a GBX 1,050 ($14.06) target price on shares of SEGRO in a report on Monday, September 9th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of GBX 986.50 ($13.21).

SEGRO Price Performance

SEGRO stock opened at GBX 874.80 ($11.71) on Tuesday. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. SEGRO has a 52 week low of GBX 675 ($9.04) and a 52 week high of GBX 949 ($12.71). The stock has a market capitalization of £11.81 billion, a P/E ratio of -4,169.71, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The stock has a fifty day moving average of GBX 892.25 and a 200-day moving average of GBX 891.23.

SEGRO Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 20th. Stockholders 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 -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.