SEGRO Plc (LON:SGRO) Receives GBX 952 Consensus Target Price from Brokerages

SEGRO Plc (LON:SGRO - Get Free Report) has been given an average rating of "Moderate Buy" by the six research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 982 ($12.22).

A number of equities research analysts have issued reports on SGRO shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of SEGRO in a research report on Wednesday, April 10th. HSBC raised shares of SEGRO to a "buy" rating and set a GBX 964 ($12.00) target price for the company in a research report on Thursday, March 21st. Barclays raised shares of SEGRO to an "overweight" rating in a research report on Wednesday, April 3rd. Berenberg Bank increased their target price on shares of SEGRO from GBX 863 ($10.74) to GBX 940 ($11.70) and gave the company a "hold" rating in a research report on Thursday, February 22nd. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 1,042 ($12.97) target price on shares of SEGRO in a research report on Thursday.

SEGRO Stock Up 1.5 %

Shares of SGRO traded up GBX 12.80 ($0.16) on Thursday, reaching GBX 840.40 ($10.46). The company's stock had a trading volume of 3,146,309 shares, compared to its average volume of 2,862,708. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 50.61. SEGRO has a twelve month low of GBX 675 ($8.40) and a twelve month high of GBX 913 ($11.37). The stock has a market capitalization of £11.26 billion, a PE ratio of -4,001.90, a PEG ratio of 2.12 and a beta of 0.73. The firm has a fifty day moving average of GBX 865.33 and a 200-day moving average of GBX 829.73.

SEGRO Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th will be paid a GBX 19.10 ($0.24) dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from SEGRO's previous dividend of $8.70. This represents a yield of 2.29%. SEGRO's dividend payout ratio is currently -13,333.33%.

Insiders Place Their Bets

In related news, insider Carol Fairweather acquired 8,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were purchased at an average price of GBX 878 ($10.93) per share, for a total transaction of £70,240 ($87,439.31). Corporate insiders own 0.26% of the company's stock.

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.