Analysts Set SEGRO Plc (LON:SGRO) Price Target at GBX 952

SEGRO Plc (LON:SGRO) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 982 ($12.13).

SGRO has been the subject of several recent analyst reports. HSBC raised SEGRO to a “buy” rating and set a GBX 964 ($11.91) target price for the company in a research report on Thursday, March 21st. Berenberg Bank raised their price objective on SEGRO from GBX 863 ($10.66) to GBX 940 ($11.61) and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Shore Capital reiterated a “buy” rating on shares of SEGRO in a report on Thursday, April 11th. Barclays raised shares of SEGRO to an “overweight” rating in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of SEGRO in a research report on Wednesday, April 10th.

SEGRO Price Performance

SGRO stock opened at GBX 858.20 ($10.60) on Thursday. SEGRO has a one year low of GBX 675 ($8.34) and a one year high of GBX 913 ($11.28). The firm has a 50-day moving average of GBX 866.05 and a two-hundred day moving average of GBX 833.58. The firm has a market capitalization of £11.50 billion, a PE ratio of -4,086.67, a P/E/G ratio of 2.12 and a beta of 0.73. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 50.61.

SEGRO Increases Dividend

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

Insider Activity at SEGRO

In other news, insider Carol Fairweather acquired 8,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were purchased at an average price of GBX 878 ($10.84) per share, for a total transaction of £70,240 ($86,758.89). 0.26% of the stock is currently owned by company insiders.

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.