UBS Group reissued their buy rating on shares of SEGRO (LON:SGRO) in a report published on Monday morning, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 820 ($10.71) price target on the real estate investment trust’s stock, up from their previous price target of GBX 750 ($9.80).
Several other research analysts have also recently weighed in on SGRO. Peel Hunt reiterated a hold rating and issued a GBX 735 ($9.60) price target (up previously from GBX 700 ($9.15)) on shares of SEGRO in a report on Monday, July 22nd. Credit Suisse Group upped their price target on shares of SEGRO from GBX 745 ($9.73) to GBX 860 ($11.24) and gave the company an outperform rating in a report on Thursday, July 4th. Royal Bank of Canada upped their price target on shares of SEGRO from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the company a sector performer rating in a report on Friday, July 26th. JPMorgan Chase & Co. upgraded shares of SEGRO to a neutral rating and upped their price target for the company from GBX 690 ($9.02) to GBX 775 ($10.13) in a report on Thursday, July 25th. Finally, Barclays upped their price target on shares of SEGRO from GBX 700 ($9.15) to GBX 755 ($9.87) and gave the company an overweight rating in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 784 ($10.24).
SEGRO stock opened at GBX 728.20 ($9.52) on Monday. The stock has a market capitalization of $7.96 billion and a PE ratio of 8.45. SEGRO has a twelve month low of GBX 577.60 ($7.55) and a twelve month high of GBX 792.80 ($10.36). The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 28.31. The company has a 50 day moving average of GBX 752.21 and a 200-day moving average of GBX 698.94.
The firm also recently disclosed a dividend, which will be paid on Monday, September 23rd. Stockholders of record on Thursday, August 15th will be given a GBX 6.30 ($0.08) dividend. This represents a dividend yield of 0.82%. The ex-dividend date is Thursday, August 15th. SEGRO’s dividend payout ratio is presently 0.23%.
In other news, insider Andy Gulliford sold 97,308 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of GBX 718 ($9.38), for a total value of £698,671.44 ($912,937.99). Also, insider Soumen Das sold 110,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of GBX 727 ($9.50), for a total transaction of £799,700 ($1,044,949.69).
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.
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