SEGRO plc (SGRO) Receives Consensus Rating of “Hold” from Analysts

Shares of SEGRO plc (LON:SGRO) have earned a consensus rating of “Hold” from the fourteen brokerages that are covering the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 475.14 ($5.81).

A number of brokerages have weighed in on SGRO. Morgan Stanley cut their target price on shares of SEGRO plc from GBX 530 ($6.48) to GBX 510 ($6.24) and set an “overweight” rating for the company in a research report on Monday, March 13th. JPMorgan Chase & Co. cut their target price on shares of SEGRO plc from GBX 500 ($6.11) to GBX 465 ($5.69) and set an “underweight” rating for the company in a research report on Monday, March 13th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 531 ($6.49) target price on shares of SEGRO plc in a research report on Sunday, March 12th. Liberum Capital reiterated a “hold” rating and set a GBX 490 ($5.99) target price on shares of SEGRO plc in a research report on Friday, March 10th. Finally, HSBC Holdings plc increased their target price on shares of SEGRO plc from GBX 439 ($5.37) to GBX 500 ($6.11) and gave the stock a “hold” rating in a research report on Wednesday, March 1st.

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In other news, insider Soumen Das purchased 9,054 shares of the stock in a transaction dated Friday, March 17th. The shares were purchased at an average cost of GBX 453 ($5.54) per share, with a total value of £41,014.62 ($50,146.25).

Shares of SEGRO plc (LON:SGRO) traded up 1.56% during midday trading on Monday, hitting GBX 463.60. 3,186,962 shares of the company traded hands. The stock’s market capitalization is GBX 3.84 billion. The stock has a 50 day moving average of GBX 479.84 and a 200-day moving average of GBX 450.84. SEGRO plc has a 52 week low of GBX 316.83 and a 52 week high of GBX 482.80.

The company also recently declared a dividend, which will be paid on Thursday, May 4th. Stockholders of record on Thursday, March 23rd will be issued a GBX 11.20 ($0.14) dividend. This represents a dividend yield of 2.25%. This is an increase from SEGRO plc’s previous dividend of $5.20. The ex-dividend date of this dividend is Thursday, March 23rd.

About SEGRO plc

SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse and industrial property assets in the United Kingdom and Continental Europe. Its portfolio of warehouse and light industrial buildings is concentrated in European countries. The Company’s segments are the geographical business units, which include Greater London, Thames Valley and National Logistics, Northern Europe (principally Germany), Southern Europe (principally France) and Central Europe (principally Poland).

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