Citigroup Inc restated their buy rating on shares of SEGRO plc (LON:SGRO) in a research report sent to investors on Friday. Citigroup Inc currently has a GBX 560 ($7.16) price objective on the real estate investment trust’s stock.
Other equities analysts have also recently issued research reports about the stock. Peel Hunt reaffirmed an add rating and set a GBX 450 ($5.75) price objective on shares of SEGRO plc in a research note on Wednesday, January 11th. Canaccord Genuity reduced their price objective on shares of SEGRO plc from GBX 525 ($6.71) to GBX 515 ($6.58) and set a buy rating for the company in a research note on Thursday, April 6th. Jefferies Group LLC reaffirmed a hold rating and set a GBX 445 ($5.69) price objective on shares of SEGRO plc in a research note on Thursday, January 19th. Numis Securities Ltd boosted their price objective on shares of SEGRO plc from GBX 441 ($5.64) to GBX 484 ($6.19) and gave the company a hold rating in a research note on Friday, January 13th. Finally, Liberum Capital boosted their price objective on shares of SEGRO plc from GBX 460 ($5.88) to GBX 490 ($6.26) and gave the company a hold rating in a research note on Wednesday, January 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 482.93 ($6.17).
SEGRO plc (LON:SGRO) opened at 490.70 on Friday. The company’s 50-day moving average is GBX 469.74 and its 200-day moving average is GBX 455.11. SEGRO plc has a 52 week low of GBX 316.83 and a 52 week high of GBX 492.00. The company’s market cap is GBX 4.07 billion.
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The firm also recently disclosed a dividend, which will be paid on Thursday, May 4th. Stockholders of record on Thursday, March 23rd will be paid a GBX 11.20 ($0.14) dividend. This is a boost from SEGRO plc’s previous dividend of $5.20. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a dividend yield of 2.25%.
In other SEGRO plc news, insider Christopher Fisher acquired 17,000 shares of the business’s stock in a transaction dated Thursday, March 30th. The stock was bought at an average price of GBX 453 ($5.79) per share, with a total value of £77,010 ($98,453.08). Also, insider Soumen Das acquired 9,054 shares of the business’s stock in a transaction dated Friday, March 17th. The stock was acquired at an average cost of GBX 453 ($5.79) per share, with a total value of £41,014.62 ($52,434.95).
SEGRO plc Company Profile
SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse properties in the United Kingdom and Continental Europe. Its segments 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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