SEGRO plc (LON:SGRO) has been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 715.33 ($9.35).

Several brokerages have recently weighed in on SGRO. Peel Hunt restated a “hold” rating on shares of SEGRO in a research note on Tuesday, December 4th. Royal Bank of Canada began coverage on shares of SEGRO in a research note on Tuesday, February 12th. They issued a “sector performer” rating and a GBX 625 ($8.17) target price on the stock. Liberum Capital reissued a “buy” rating on shares of SEGRO in a research note on Wednesday, December 5th. HSBC raised shares of SEGRO to a “buy” rating and upped their target price for the company from GBX 584 ($7.63) to GBX 692 ($9.04) in a research note on Wednesday, January 2nd. Finally, Credit Suisse Group reissued an “outperform” rating on shares of SEGRO in a research note on Wednesday, December 12th.

LON SGRO traded up GBX 13 ($0.17) during trading hours on Friday, hitting GBX 682.40 ($8.92). The company had a trading volume of 19,137,172 shares, compared to its average volume of 2,670,000. SEGRO has a fifty-two week low of GBX 577.60 ($7.55) and a fifty-two week high of GBX 682.40 ($8.92). The company has a market cap of $7.40 billion and a P/E ratio of 6.51. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 34.18.

The company also recently declared a dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Thursday, March 21st will be given a GBX 13.25 ($0.17) dividend. The ex-dividend date of this dividend is Thursday, March 21st. This is a positive change from SEGRO’s previous dividend of $5.55. This represents a yield of 2.04%. SEGRO’s payout ratio is 0.18%.

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 7 million square metres of space (74 million square feet) valued at over £10 billion serving customers from a wide range of industry sectors.

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Analyst Recommendations for SEGRO (LON:SGRO)

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