Brokerages Set SEGRO Plc (LON:SGRO) PT at GBX 982

SEGRO Plc (LON:SGRO) has received an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 982 ($12.42).

Several brokerages have issued reports on SGRO. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,042 ($13.18) target price on shares of SEGRO in a research note on Thursday, April 18th. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 10th. Shore Capital restated a “buy” rating on shares of SEGRO in a research note on Thursday, April 11th. HSBC upgraded SEGRO to a “buy” rating and set a GBX 964 ($12.19) price objective on the stock in a research note on Thursday, March 21st. Finally, Barclays upgraded SEGRO to an “overweight” rating in a research note on Wednesday, April 3rd.

SEGRO Stock Performance

Shares of SEGRO stock opened at GBX 907.20 ($11.47) on Tuesday. The business’s fifty day simple moving average is GBX 897.96 and its 200 day simple moving average is GBX 877.17. The firm has a market capitalization of £12.25 billion, a P/E ratio of -4,320.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75. SEGRO has a 12 month low of GBX 675 ($8.54) and a 12 month high of GBX 944.80 ($11.95). The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 50.61.

Insider Transactions at SEGRO

In related news, insider David J. R. Sleath sold 108,420 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of GBX 893 ($11.30), for a total transaction of £968,190.60 ($1,224,627.62). In related news, insider David J. R. Sleath sold 108,420 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of GBX 893 ($11.30), for a total transaction of £968,190.60 ($1,224,627.62). Also, insider Soumen Das bought 408 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of GBX 882 ($11.16) per share, with a total value of £3,598.56 ($4,551.68). Company insiders own 0.25% 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.