SEGRO’s (SGRO) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of SEGRO (LON:SGRO) in a report published on Thursday morning, Marketbeat reports.

SGRO has been the subject of a number of other reports. HSBC upgraded SEGRO to a buy rating and set a GBX 964 ($12.20) price objective for the company in a report on Thursday, March 21st. Barclays upgraded SEGRO to an overweight rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. restated an overweight rating on shares of SEGRO in a report on Wednesday, April 10th. Finally, Berenberg Bank upped their price objective on SEGRO from GBX 863 ($10.92) to GBX 940 ($11.90) and gave the stock a hold rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of GBX 952 ($12.05).

SEGRO Trading Down 0.5 %

Shares of SEGRO stock opened at GBX 857.80 ($10.86) on Thursday. SEGRO has a fifty-two week low of GBX 675 ($8.54) and a fifty-two week high of GBX 913 ($11.56). The firm has a market cap of £11.49 billion, a PE ratio of -4,084.76, a P/E/G ratio of 2.12 and a beta of 0.73. The business’s fifty day moving average is GBX 866.10 and its two-hundred day moving average is GBX 827.70. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 50.61.

SEGRO Increases Dividend

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

Insider Activity at SEGRO

In related news, insider Carol Fairweather purchased 8,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was purchased at an average cost of GBX 878 ($11.11) per share, for a total transaction of £70,240 ($88,900.14). 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.