Shares of SEGRO Plc (LON:SGRO – Get Rating) reached a new 52-week low during mid-day trading on Monday after Barclays lowered their price target on the stock from GBX 1,290 to GBX 985. Barclays currently has an overweight rating on the stock. SEGRO traded as low as GBX 751.20 ($9.08) and last traded at GBX 755.20 ($9.13), with a volume of 723978 shares trading hands. The stock had previously closed at GBX 768.80 ($9.29).
SGRO has been the subject of a number of other research reports. Berenberg Bank cut their price target on SEGRO from GBX 1,560 ($18.85) to GBX 1,260 ($15.22) and set a “buy” rating for the company in a research note on Wednesday, August 31st. Shore Capital raised shares of SEGRO to a “hold” rating in a research report on Friday, September 2nd. Finally, Citigroup reissued a “buy” rating and set a GBX 1,388 ($16.77) target price on shares of SEGRO in a research report on Monday, August 8th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,304.78 ($15.77).
Insider Buying and Selling
In related news, insider Andy Harrison purchased 22,271 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were bought at an average price of GBX 892 ($10.78) per share, with a total value of £198,657.32 ($240,040.26).
SEGRO Price Performance
The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 28.49. The company has a market cap of £9.09 billion and a P/E ratio of 226.78. The business’s fifty day moving average is GBX 987.30 and its 200 day moving average is GBX 1,108.57.
SEGRO Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, September 23rd. Investors of record on Thursday, August 11th were issued a GBX 8.10 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 0.78%. SEGRO’s dividend payout ratio (DPR) is presently 7.17%.
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 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors.