Liberum Capital restated their buy rating on shares of SEGRO (LON:SGRO) in a report released on Friday, February 16th. They currently have a GBX 640 ($8.84) target price on the real estate investment trust’s stock.
SGRO has been the subject of several other research reports. JPMorgan Chase & Co. upped their target price on SEGRO from GBX 540 ($7.46) to GBX 600 ($8.29) and gave the stock an underweight rating in a research report on Monday, January 15th. Numis Securities reiterated an add rating and issued a GBX 580 ($8.01) price target on shares of SEGRO in a research note on Thursday, October 19th. Canaccord Genuity boosted their price target on SEGRO from GBX 560 ($7.74) to GBX 620 ($8.57) and gave the stock a buy rating in a research note on Friday, December 22nd. Deutsche Bank upped their price objective on SEGRO from GBX 460 ($6.36) to GBX 570 ($7.88) and gave the company a hold rating in a research note on Monday, January 22nd. Finally, Jefferies Group upgraded SEGRO to a hold rating and set a GBX 506 ($6.99) price objective on the stock in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of GBX 596.75 ($8.24).
SEGRO (LON SGRO) traded up GBX 2.60 ($0.04) during midday trading on Friday, hitting GBX 607.40 ($8.39). The stock had a trading volume of 2,540,959 shares, compared to its average volume of 2,680,000. SEGRO has a 12 month low of GBX 446.60 ($6.17) and a 12 month high of GBX 610.20 ($8.43). The firm has a market capitalization of $6,070.00 and a PE ratio of 646.17.
The business also recently disclosed a dividend, which will be paid on Thursday, May 3rd. Stockholders of record on Thursday, March 22nd will be given a dividend of GBX 11.35 ($0.16) per share. This represents a dividend yield of 1.92%. The ex-dividend date is Thursday, March 22nd. This is an increase from SEGRO’s previous dividend of $11.20.
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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