SEGRO Plc (LON:SGRO - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 923.80 ($11.60) and last traded at GBX 921.20 ($11.57), with a volume of 2119143 shares changing hands. The stock had previously closed at GBX 887.80 ($11.15).
Wall Street Analysts Forecast Growth
SGRO has been the topic of several analyst reports. Berenberg Bank lifted their target price on shares of SEGRO from GBX 863 ($10.84) to GBX 940 ($11.81) and gave the company a "hold" rating in a report on Thursday, February 22nd. Jefferies Financial Group reissued a "buy" rating and issued a GBX 1,042 ($13.09) price target on shares of SEGRO in a report on Thursday, April 18th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of SEGRO in a research report on Wednesday, April 10th. Shore Capital restated a "buy" rating on shares of SEGRO in a research report on Thursday, April 11th. Finally, Barclays upgraded shares of SEGRO to an "overweight" rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 982 ($12.33).
Read Our Latest Analysis on SGRO
SEGRO Stock Up 5.5 %
The company has a debt-to-equity ratio of 50.61, a current ratio of 0.88 and a quick ratio of 0.62. The firm's 50-day moving average price is GBX 871.50 and its 200 day moving average price is GBX 851.12. The firm has a market capitalization of £12.65 billion, a price-to-earnings ratio of -4,460.95, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75.
SEGRO Increases Dividend
The business also recently declared a dividend, which was paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th were given a dividend of GBX 19.10 ($0.24) per share. This is an increase from SEGRO's previous dividend of $8.70. The ex-dividend date was Thursday, March 14th. This represents a yield of 2.29%. SEGRO's dividend payout ratio (DPR) is presently -13,333.33%.
Insider Activity
In other news, insider Soumen Das acquired 408 shares of SEGRO stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of GBX 882 ($11.08) per share, with a total value of £3,598.56 ($4,519.67). In related news, insider Carol Fairweather purchased 8,000 shares of the firm's stock in a transaction on Thursday, March 7th. The shares were bought at an average price of GBX 878 ($11.03) per share, for a total transaction of £70,240 ($88,219.04). Also, insider Soumen Das purchased 408 shares of the company's stock in a transaction on Friday, May 10th. The shares were purchased at an average price of GBX 882 ($11.08) per share, with a total value of £3,598.56 ($4,519.67). Company insiders own 0.27% of the company's stock.
About SEGRO
(
Get Free Report)
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.
Further Reading
Before you consider SEGRO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SEGRO wasn't on the list.
While SEGRO currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
