Brokerages Set SEGRO Plc (LON:SGRO) Target Price at GBX 986.50

SEGRO Plc (LON:SGRO) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment 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 brokers that have covered the stock in the last year is GBX 986.50 ($13.03).

A number of brokerages have commented on SGRO. Jefferies Financial Group lowered their price target on SEGRO from GBX 950 ($12.55) to GBX 930 ($12.29) and set a “hold” rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,050 ($13.87) price target on shares of SEGRO in a research report on Monday. Barclays reaffirmed an “overweight” rating and set a GBX 1,050 ($13.87) price target on shares of SEGRO in a research report on Monday, September 9th. Shore Capital reissued a “buy” rating on shares of SEGRO in a report on Wednesday, September 4th. Finally, UBS Group cut SEGRO to a “neutral” rating and decreased their price objective for the company from GBX 1,045 ($13.80) to GBX 985 ($13.01) in a report on Tuesday, August 20th.

SEGRO Stock Down 1.5 %

SEGRO stock opened at GBX 890.40 ($11.76) on Friday. The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62. The stock has a market capitalization of £12.02 billion, a price-to-earnings ratio of -4,240.00, a PEG ratio of 2.12 and a beta of 0.79. SEGRO has a 1-year low of GBX 675 ($8.92) and a 1-year high of GBX 949 ($12.54). The business has a fifty day moving average price of GBX 899.01 and a 200-day moving average price of GBX 890.53.

SEGRO Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors 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 of this dividend is Thursday, August 8th. SEGRO’s dividend payout ratio is presently -13,333.33%.

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.