SEGRO plc (LON:SGRO) Given Average Recommendation of “Buy” by Brokerages

SEGRO plc (LON:SGRO) has been given an average rating of “Buy” by the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 802.70 ($10.49).

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised SEGRO to a “neutral” rating and raised their price target for the stock from GBX 690 ($9.02) to GBX 775 ($10.13) in a research note on Thursday, July 25th. Credit Suisse Group raised their price target on SEGRO from GBX 745 ($9.73) to GBX 860 ($11.24) and gave the stock an “outperform” rating in a research note on Thursday, July 4th. Barclays reaffirmed an “overweight” rating and set a GBX 855 ($11.17) price target (up from GBX 755 ($9.87)) on shares of SEGRO in a research note on Thursday, August 22nd. UBS Group reaffirmed a “buy” rating and set a GBX 820 ($10.71) price target (up from GBX 750 ($9.80)) on shares of SEGRO in a research note on Monday, August 12th. Finally, Royal Bank of Canada raised their price target on SEGRO from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the stock a “sector performer” rating in a research note on Friday, July 26th.

Shares of LON SGRO traded up GBX 5.20 ($0.07) during mid-day trading on Thursday, reaching GBX 790.40 ($10.33). The company’s stock had a trading volume of 894,240 shares, compared to its average volume of 2,670,000. The stock has a 50-day moving average of GBX 775.40 and a two-hundred day moving average of GBX 725.32. The stock has a market capitalization of $8.67 billion and a P/E ratio of 9.17. The company has a debt-to-equity ratio of 28.31, a quick ratio of 0.93 and a current ratio of 0.96. SEGRO has a 1-year low of GBX 577.60 ($7.55) and a 1-year high of GBX 810.80 ($10.59).

The firm also recently announced a dividend, which was paid on Monday, September 23rd. Shareholders of record on Thursday, August 15th were issued a GBX 6.30 ($0.08) dividend. This represents a yield of 0.82%. The ex-dividend date of this dividend was Thursday, August 15th. SEGRO’s dividend payout ratio (DPR) is currently 0.23%.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.

Read More: Trading signals using Bollinger bands

Analyst Recommendations for SEGRO (LON:SGRO)

Receive News & Ratings for SEGRO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEGRO and related companies with MarketBeat.com's FREE daily email newsletter.