Analysts Set SEGRO Plc (LON:SGRO) Price Target at GBX 986.50

Shares of SEGRO Plc (LON:SGRO) 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.

SEGRO Stock Performance

SGRO opened at GBX 846 ($11.07) on Thursday. The firm has a fifty day moving average price of GBX 881.43 and a 200 day moving average price of GBX 889.81. SEGRO has a 1 year low of GBX 675 ($8.83) and a 1 year high of GBX 949 ($12.42). The stock has a market cap of £11.42 billion, a P/E ratio of -4,028.57, a P/E/G ratio of 2.12 and a beta of 0.79. The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62.

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.