SEGRO (LON:SGRO) Earns “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of SEGRO (LON:SGRO) in a research report report published on Tuesday, Marketbeat Ratings reports. The firm currently has a GBX 1,050 ($14.06) price target on the real estate investment trust’s stock.

Several other equities research analysts have also commented on SGRO. Jefferies Financial Group cut their target price on SEGRO from GBX 950 ($12.72) to GBX 930 ($12.45) and set a hold rating on the stock in a research report on Monday, July 29th. Shore Capital restated a buy rating on shares of SEGRO in a research report on Wednesday, September 4th. Barclays reiterated an overweight rating and issued a GBX 1,050 ($14.06) price target on shares of SEGRO in a report on Monday, September 9th. Finally, UBS Group lowered SEGRO to a neutral rating and cut their price target for the stock from GBX 1,045 ($13.99) to GBX 985 ($13.19) in a report on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of GBX 986.50 ($13.21).

SEGRO Stock Up 0.7 %

Shares of SEGRO stock opened at GBX 874.80 ($11.71) on Tuesday. SEGRO has a one year low of GBX 675 ($9.04) and a one year high of GBX 949 ($12.71). The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62. The stock’s 50-day moving average is GBX 892.25 and its 200 day moving average is GBX 891.23. The firm has a market cap of £11.81 billion, a price-to-earnings ratio of -4,169.71, a PEG ratio of 2.12 and a beta of 0.79.

SEGRO Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, August 8th were issued a GBX 9.10 ($0.12) dividend. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 1%. SEGRO’s dividend payout ratio is presently -13,333.33%.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.