SEGRO (LON:SGRO) Stock Rating Upgraded by Barclays

Barclays upgraded shares of SEGRO (LON:SGRO - Free Report) to an overweight rating in a research note released on Wednesday, MarketBeat reports.

SGRO has been the subject of several other reports. HSBC raised SEGRO to a buy rating and set a GBX 964 ($12.10) price objective for the company in a report on Thursday, March 21st. Berenberg Bank boosted their price target on SEGRO from GBX 863 ($10.83) to GBX 940 ($11.80) and gave the stock a hold rating in a report on Thursday, February 22nd. Finally, Shore Capital reissued a buy rating on shares of SEGRO in a report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, SEGRO presently has an average rating of Moderate Buy and an average target price of GBX 952 ($11.95).

SEGRO Price Performance

LON SGRO traded up GBX 0.80 ($0.01) during midday trading on Wednesday, hitting GBX 878.60 ($11.03). The company had a trading volume of 3,007,970 shares, compared to its average volume of 2,959,427. The company has a market capitalization of £11.77 billion, a PE ratio of -4,183.81, a P/E/G ratio of 2.12 and a beta of 0.73. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 50.61. The firm has a 50-day moving average price of GBX 866.14 and a 200-day moving average price of GBX 820.34. SEGRO has a twelve month low of GBX 675 ($8.47) and a twelve month high of GBX 913 ($11.46).

SEGRO Increases Dividend

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

Insider Transactions at SEGRO

In other SEGRO news, insider Carol Fairweather purchased 8,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was bought at an average price of GBX 878 ($11.02) per share, with a total value of £70,240 ($88,174.74). 0.26% of the stock is owned by insiders.

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.