Shore Capital reissued their buy rating on shares of SEGRO (LON:SGRO - Free Report) in a research report released on Thursday, MarketBeat Ratings reports.
Other analysts have also recently issued reports about the stock. Barclays upgraded shares of SEGRO to an overweight rating in a research note on Wednesday, April 3rd. HSBC raised shares of SEGRO to a buy rating and set a GBX 964 ($12.20) target price for the company in a research report on Thursday, March 21st. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of SEGRO in a research report on Wednesday. Finally, Berenberg Bank increased their target price on SEGRO from GBX 863 ($10.92) to GBX 940 ($11.90) and gave the company a hold rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, SEGRO currently has an average rating of Moderate Buy and a consensus price target of GBX 952 ($12.05).
Check Out Our Latest Report on SEGRO
SEGRO Stock Performance
SGRO traded up GBX 1 ($0.01) on Thursday, hitting GBX 862.40 ($10.92). The company had a trading volume of 4,360,897 shares, compared to its average volume of 2,888,753. The stock has a market cap of £11.56 billion, a price-to-earnings ratio of -4,106.67, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73. 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 company's fifty day moving average price is GBX 866.18 and its 200 day moving average price is GBX 825.34. SEGRO has a 1-year low of GBX 675 ($8.54) and a 1-year high of GBX 913 ($11.56).
SEGRO Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th will be paid a dividend of GBX 19.10 ($0.24) per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a yield of 2.29%. This is an increase from SEGRO's previous dividend of $8.70. SEGRO's payout ratio is currently -13,333.33%.
Insider Buying and Selling
In other news, insider Carol Fairweather bought 8,000 shares of SEGRO stock in a transaction dated Thursday, March 7th. The shares were bought at an average price of GBX 878 ($11.11) per share, for a total transaction of £70,240 ($88,900.14). Company insiders own 0.26% 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.
See Also
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
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
