SEGRO (LON:SGRO) Price Target Increased to GBX 850 by Analysts at Liberum Capital

SEGRO (LON:SGRO) had its price target raised by Liberum Capital from GBX 750 ($9.80) to GBX 850 ($11.11) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports. Liberum Capital currently has a buy rating on the real estate investment trust’s stock.

SGRO has been the topic of a number of other reports. Barclays increased their target price on SEGRO from GBX 700 ($9.15) to GBX 755 ($9.87) and gave the stock an overweight rating in a report on Tuesday, June 4th. Royal Bank of Canada increased their target price on SEGRO from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the stock a sector performer rating in a report on Friday, July 26th. Deutsche Bank raised their price objective on SEGRO from GBX 740 ($9.67) to GBX 830 ($10.85) and gave the company a buy rating in a research note on Wednesday, July 24th. Goldman Sachs Group dropped their price objective on SEGRO from GBX 800 ($10.45) to GBX 786 ($10.27) and set a buy rating on the stock in a research note on Tuesday, June 4th. Finally, Credit Suisse Group raised their price objective on SEGRO from GBX 745 ($9.73) to GBX 860 ($11.24) and gave the company an outperform rating in a research note on Thursday, July 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 778.17 ($10.17).

Shares of SGRO traded down GBX 10.60 ($0.14) during trading hours on Tuesday, reaching GBX 750 ($9.80). The stock had a trading volume of 2,051,749 shares, compared to its average volume of 2,670,000. SEGRO has a 12 month low of GBX 577.60 ($7.55) and a 12 month high of GBX 792.80 ($10.36). The stock’s 50-day moving average is GBX 747.74. The company has a debt-to-equity ratio of 28.31, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a market cap of $7.58 billion and a P/E ratio of 8.70.

The business also recently disclosed a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Thursday, August 15th will be paid a dividend of GBX 6.30 ($0.08) per share. This represents a yield of 0.82%. The ex-dividend date of this dividend is Thursday, August 15th. SEGRO’s dividend payout ratio (DPR) is presently 0.23%.

In other news, insider Soumen Das sold 110,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of GBX 727 ($9.50), for a total transaction of £799,700 ($1,044,949.69). Also, insider Andy Gulliford sold 97,308 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of GBX 718 ($9.38), for a total value of £698,671.44 ($912,937.99).

About SEGRO

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 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.

Further Reading: QQQ ETF

Analyst Recommendations for SEGRO (LON:SGRO)

Receive News & Ratings for SEGRO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEGRO and related companies with MarketBeat.com's FREE daily email newsletter.