SEGRO (LON:SGRO) Receives Overweight Rating from Barclays

Barclays reiterated their overweight rating on shares of SEGRO (LON:SGRO) in a research note published on Thursday, Digital Look reports. They currently have a GBX 855 ($11.17) price objective on the real estate investment trust’s stock, up from their prior price objective of GBX 755 ($9.87).

SGRO has been the topic of several other reports. Deutsche Bank boosted their price objective on shares of SEGRO from GBX 740 ($9.67) to GBX 830 ($10.85) and gave the company a buy rating in a research report on Wednesday, July 24th. Credit Suisse Group boosted their price objective on shares of SEGRO from GBX 745 ($9.73) to GBX 860 ($11.24) and gave the company an outperform rating in a research report on Thursday, July 4th. Peel Hunt reaffirmed a hold rating and issued a GBX 735 ($9.60) price objective (up from GBX 700 ($9.15)) on shares of SEGRO in a research report on Monday, July 22nd. Goldman Sachs Group reaffirmed a buy rating on shares of SEGRO in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised shares of SEGRO to a neutral rating and boosted their price objective for the company from GBX 690 ($9.02) to GBX 775 ($10.13) in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. SEGRO currently has a consensus rating of Buy and a consensus price target of GBX 792.33 ($10.35).

SGRO opened at GBX 772.80 ($10.10) on Thursday. The stock has a market capitalization of $8.45 billion and a P/E ratio of 8.97. SEGRO has a 12 month low of GBX 577.60 ($7.55) and a 12 month high of GBX 792.80 ($10.36). The firm’s fifty day simple moving average is GBX 755.08 and its 200 day simple moving average is GBX 702.27. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 28.31.

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

In other SEGRO news, insider Soumen Das sold 110,000 shares of SEGRO stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 727 ($9.50), for a total value of £799,700 ($1,044,949.69).

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.

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Analyst Recommendations for SEGRO (LON:SGRO)

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