Shares of SEGRO Plc (LON:SGRO – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 1,377.86 ($16.47).
Several research analysts have commented on SGRO shares. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 1,250 ($14.94) price target on shares of SEGRO in a research note on Wednesday, May 11th. Morgan Stanley reissued an “overweight” rating on shares of SEGRO in a research note on Wednesday, May 11th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 6th. Shore Capital reissued a “sell” rating on shares of SEGRO in a research note on Tuesday, June 28th. Finally, Barclays decreased their price target on shares of SEGRO from GBX 1,545 ($18.47) to GBX 1,300 ($15.54) and set an “overweight” rating on the stock in a research note on Monday, July 4th.
SEGRO Trading Up 2.7 %
Shares of SGRO opened at GBX 1,080 ($12.91) on Monday. The company has a market capitalization of £13.06 billion and a P/E ratio of 319.53. SEGRO has a 1-year low of GBX 946.80 ($11.32) and a 1-year high of GBX 1,508 ($18.03). The firm’s 50 day simple moving average is GBX 1,040.09 and its 200 day simple moving average is GBX 1,203.66. The company has a debt-to-equity ratio of 26.33, a current ratio of 0.68 and a quick ratio of 0.55.
Insider Activity at SEGRO
In related news, insider Mary Barnard purchased 2,745 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were acquired at an average price of GBX 1,093 ($13.07) per share, for a total transaction of £30,002.85 ($35,867.12). In other SEGRO news, insider Andy Harrison bought 40,199 shares of the company’s stock in a transaction dated Friday, June 17th. The shares were purchased at an average price of GBX 988 ($11.81) per share, for a total transaction of £397,166.12 ($474,795.12). Also, insider Mary Barnard bought 2,745 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average price of GBX 1,093 ($13.07) per share, for a total transaction of £30,002.85 ($35,867.12).
SEGRO Company Profile
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.
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