SEGRO plc Receives Consensus Rating of “Hold” from Analysts (LON:SGRO)
SEGRO plc (LON:SGRO) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the company, AmericanBankingNews.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 338.08 ($5.67).
Several analysts have recently commented on the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of SEGRO plc in a research note on Tuesday. They now have a GBX 372 ($6.24) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of SEGRO plc from GBX 350 ($5.87) to GBX 356 ($5.97) in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of SEGRO plc in a research note on Wednesday, August 6th.
SEGRO plc (LON:SGRO) opened at 360.50 on Tuesday. SEGRO plc has a 52 week low of GBX 279.00 and a 52 week high of GBX 379.00. The stock’s 50-day moving average is GBX 352.8 and its 200-day moving average is GBX 350.6. The company’s market cap is £2.673 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, August 27th will be paid a dividend of GBX 4.90 ($0.08) per share. This represents a dividend yield of 1.38%. The ex-dividend date is Wednesday, August 27th.
SEGRO plc is a real estate investment trust (LON:SGRO).
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