Shares of SEGRO Plc (LON:SGRO – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 986.50 ($12.91).
Several research analysts have recently commented on SGRO shares. UBS Group lowered SEGRO to a “neutral” rating and reduced their price target for the stock from GBX 1,045 ($13.68) to GBX 985 ($12.89) in a report on Tuesday, August 20th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,050 ($13.74) price target on shares of SEGRO in a report on Tuesday, September 24th. Shore Capital reiterated a “buy” rating on shares of SEGRO in a report on Thursday, September 26th. Jefferies Financial Group cut their target price on SEGRO from GBX 950 ($12.43) to GBX 930 ($12.17) and set a “hold” rating for the company in a research note on Monday, July 29th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 1,050 ($13.74) target price on shares of SEGRO in a research report on Monday, September 9th.
View Our Latest Stock Report on SGRO
SEGRO Stock Performance
SEGRO Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 8th were paid a GBX 9.10 ($0.12) dividend. The ex-dividend date was Thursday, August 8th. This represents a yield of 1%. SEGRO’s payout ratio is currently -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.
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