SEGRO Plc (LON:SGRO) Receives Average Rating of “Moderate Buy” from Analysts

SEGRO Plc (LON:SGRO – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 959 ($12.01).

SGRO has been the subject of several analyst reports. Berenberg Bank upped their price target on SEGRO from GBX 1,040 ($13.03) to GBX 1,100 ($13.78) and gave the stock a “buy” rating in a research note on Wednesday, February 22nd. JPMorgan Chase & Co. upped their price target on SEGRO from GBX 960 ($12.03) to GBX 1,000 ($12.53) and gave the stock an “overweight” rating in a research note on Tuesday, February 21st. Shore Capital reissued a “buy” rating on shares of SEGRO in a report on Thursday, April 20th. Peel Hunt reaffirmed an “add” rating and set a GBX 920 ($11.52) price objective on shares of SEGRO in a research note on Tuesday, February 21st. Finally, Citigroup lowered SEGRO to a “neutral” rating in a research note on Tuesday, February 14th.

SEGRO Price Performance

Shares of LON SGRO opened at GBX 808 ($10.12) on Friday. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 45.27. SEGRO has a twelve month low of GBX 669.20 ($8.38) and a twelve month high of GBX 1,135.50 ($14.22). The stock has a 50 day moving average of GBX 783.34 and a two-hundred day moving average of GBX 803.17. The stock has a market cap of £9.86 billion, a P/E ratio of -508.18, a P/E/G ratio of 2.48 and a beta of 0.70.

Insider Buying and Selling at SEGRO

In other news, insider Andy Harrison bought 78,960 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was bought at an average price of GBX 812 ($10.17) per share, for a total transaction of £641,155.20 ($803,150.70). Insiders acquired a total of 343,926 shares of company stock worth $285,669,418 in the last 90 days. 0.29% of the stock is owned by corporate insiders.

About SEGRO

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SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors.