SEGRO Plc (LON:SGRO) Receives Consensus Rating of “Moderate Buy” from Brokerages

SEGRO Plc (LON:SGRO) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 982 ($12.58).

A number of brokerages recently issued reports on SGRO. Shore Capital reiterated a “buy” rating on shares of SEGRO in a report on Thursday, April 11th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,042 ($13.35) price objective on shares of SEGRO in a report on Thursday, April 18th. HSBC upgraded SEGRO to a “buy” rating and set a GBX 964 ($12.35) target price for the company in a report on Thursday, March 21st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a research report on Wednesday, April 10th. Finally, Barclays raised shares of SEGRO to an “overweight” rating in a report on Wednesday, April 3rd.

Insider Activity

In other news, insider David J. R. Sleath sold 108,420 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of GBX 893 ($11.44), for a total value of £968,190.60 ($1,240,157.04). In other SEGRO news, insider David J. R. Sleath sold 108,420 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of GBX 893 ($11.44), for a total transaction of £968,190.60 ($1,240,157.04). Also, insider Soumen Das acquired 408 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were bought at an average cost of GBX 882 ($11.30) per share, for a total transaction of £3,598.56 ($4,609.40). Corporate insiders own 0.25% of the company’s stock.

SEGRO Price Performance

LON SGRO opened at GBX 910.40 ($11.66) on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 50.61. The stock has a market capitalization of £12.29 billion, a PE ratio of -4,307.62, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75. SEGRO has a 12-month low of GBX 675 ($8.65) and a 12-month high of GBX 944.80 ($12.10). The company has a 50 day moving average price of GBX 901.30 and a two-hundred day moving average price of GBX 877.49.

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.