SEGRO Plc (LON:SGRO – Get Free Report) 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.
Read Our Latest Stock Analysis on SEGRO
SEGRO Price Performance
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.
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