SEGRO Plc (LON:SGRO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of SEGRO Plc (LON:SGRO) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 982 ($12.42).

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

SEGRO Stock Performance

Shares of SGRO stock opened at GBX 891 ($11.27) on Tuesday. The firm has a market cap of £12.03 billion, a price-to-earnings ratio of -4,242.86, a PEG ratio of 2.12 and a beta of 0.75. The company’s 50 day moving average is GBX 895.78 and its 200 day moving average is GBX 876.80. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 50.61. SEGRO has a 52-week low of GBX 675 ($8.54) and a 52-week high of GBX 944.80 ($11.95).

Insider Activity

In other news, insider Soumen Das acquired 408 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of GBX 882 ($11.16) per share, with a total value of £3,598.56 ($4,551.68). In other news, insider Soumen Das acquired 408 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of GBX 882 ($11.16) per share, with a total value of £3,598.56 ($4,551.68). Also, insider David J. R. Sleath sold 108,420 shares of SEGRO stock in a transaction on 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). 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.