SEGRO Plc (LON:SGRO – Get Rating) has been awarded a consensus “Buy” recommendation by all ten research firms that cover the company, Marketbeat.com reports. Three equity research analysts rated the stock with a hold recommendation and seven gave the company a buy recommendation. The 1-year average target price among analysts who have reported on the stock in the past year is 1,370.63 GBX ($17.34).
Several analysts have recently commented on the stock. Citigroup restated a “buy” rating and set a price target of 1,725 GBX ($21.82) on SEGRO shares in a Monday, Feb. 7 research report. Berenberg Bank restated a “buy” rating and set a price target of 1,560 GBX ($19.74) on SEGRO shares in a Thursday, May 5 research report. Peel Hunt reiterated a “hold” rating and set a price target of 1,250 GBX ($15.81) on SEGRO shares in a Friday, February 11 research report. Royal Bank of Canada restated an “sector performance” rating and set a price target of 1,250 GBX ($15.81) on SEGRO shares in a Wednesday, May 11 research report. Finally, Morgan Stanley reiterated an “overweight” rating on SEGRO shares in a Wednesday, May 11 research report.
In other news, insider Mary Barnard bought 2,745 SEGRO shares in a trade on Wednesday, May 11. The shares were purchased at an average cost of 1,093 GBX ($13.83) per share, with a total value of £30,002.85 ($37,959.07).
SEGRO shares opened at 1,084 GBX ($13.71) on Friday. The company has a debt ratio of 26.33, a current ratio of 0.68 and a quick ratio of 0.55. The company has a fifty-day moving average price of 1,241.29 GBX and a 200-day moving average price of 1,299.58 GBX. SEGRO has a 1-year minimum of 1,049.50 GBX ($13.28) and a 1-year maximum of 1,508 GBX ($19.08). The stock has a market capitalization of £13.10 billion and a PE ratio of 3.21.
About SEGRO (Get a rating)
SEGRO is a UK property investment trust (REIT) and a leading owner, manager and developer of modern warehouse and light industrial properties. It owns or manages 8.1 million square meters of space (88 million square feet) worth £13.3 billion and serves clients from a wide range of industry sectors.
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