SEGRO Plc (LON:SGRO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

SEGRO Plc (LON:SGRO) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 954.75 ($12.41).

Several research firms recently issued reports on SGRO. Jefferies Financial Group decreased their price objective on shares of SEGRO from GBX 950 ($12.34) to GBX 930 ($12.08) and set a “hold” rating for the company in a report on Monday, July 29th. UBS Group downgraded shares of SEGRO to a “neutral” rating and decreased their price objective for the stock from GBX 1,045 ($13.58) to GBX 985 ($12.80) in a report on Tuesday.

SEGRO Price Performance

LON SGRO opened at GBX 873.40 ($11.35) on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10. The company has a fifty day simple moving average of GBX 906.23 and a 200 day simple moving average of GBX 886.57. The company has a market cap of £11.79 billion, a P/E ratio of -4,159.05, a P/E/G ratio of 2.12 and a beta of 0.79. SEGRO has a 1 year low of GBX 675 ($8.77) and a 1 year high of GBX 949 ($12.33).

SEGRO Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 8th will be issued a GBX 9.10 ($0.12) dividend. This represents a yield of 1%. The ex-dividend date is Thursday, August 8th. SEGRO’s dividend payout ratio (DPR) is presently -13,333.33%.

Insider Buying and Selling at SEGRO

In other news, insider David J. R. Sleath sold 108,420 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of GBX 893 ($11.60), for a total value of £968,190.60 ($1,258,043.92). Insiders own 0.27% 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.