SEGRO plc (SGRO) Receives Average Recommendation of “Hold” from Brokerages
SEGRO plc (LON:SGRO) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 482.93 ($6.25).
A number of research analysts have commented on SGRO shares. Liberum Capital upped their price target on SEGRO plc from GBX 460 ($5.95) to GBX 490 ($6.34) and gave the company a “hold” rating in a research report on Wednesday, January 11th. Peel Hunt reaffirmed an “add” rating and set a GBX 450 ($5.82) price target on shares of SEGRO plc in a research report on Wednesday, January 11th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 500 ($6.47) price target on shares of SEGRO plc in a research report on Thursday, January 12th. Numis Securities Ltd upped their price target on SEGRO plc from GBX 441 ($5.70) to GBX 484 ($6.26) and gave the company a “hold” rating in a research report on Friday, January 13th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a GBX 520 ($6.73) price target on shares of SEGRO plc in a research report on Friday, January 13th.
In related news, insider Soumen Das purchased 9,054 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The shares were bought at an average price of GBX 453 ($5.86) per share, for a total transaction of £41,014.62 ($53,045.29). Also, insider Christopher Fisher purchased 17,000 shares of the business’s stock in a transaction that occurred on Thursday, March 30th. The stock was bought at an average price of GBX 453 ($5.86) per share, for a total transaction of £77,010 ($99,599.07).
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Shares of SEGRO plc (LON:SGRO) opened at 495.80 on Tuesday. The company’s market capitalization is GBX 4.11 billion. SEGRO plc has a one year low of GBX 316.83 and a one year high of GBX 501.50. The firm has a 50-day moving average price of GBX 473.49 and a 200-day moving average price of GBX 457.97.
The company also recently announced a dividend, which was paid on Thursday, May 4th. Stockholders of record on Thursday, March 23rd were given a GBX 11.20 ($0.14) dividend. The ex-dividend date was Thursday, March 23rd. This represents a dividend yield of 2.25%. This is a positive change from SEGRO plc’s previous dividend of $5.20.
SEGRO plc Company Profile
SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse properties in the United Kingdom and Continental Europe. Its segments include Greater London, Thames Valley and National Logistics, Northern Europe (principally Germany), Southern Europe (principally France) and Central Europe (principally Poland).
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