SEGRO (LON:SGRO) Given Buy Rating at Liberum Capital

Liberum Capital reiterated their buy rating on shares of SEGRO (LON:SGRO) in a report published on Wednesday, Digital Look reports. Liberum Capital currently has a GBX 850 ($11.11) target price on the real estate investment trust’s stock.

SGRO has been the subject of a number of other research reports. Goldman Sachs Group reiterated a buy rating on shares of SEGRO in a report on Thursday, August 8th. Morgan Stanley increased their price objective on shares of SEGRO from GBX 830 ($10.85) to GBX 870 ($11.37) and gave the company an overweight rating in a report on Monday, September 2nd. Barclays reiterated an overweight rating and issued a GBX 855 ($11.17) price objective (up previously from GBX 755 ($9.87)) on shares of SEGRO in a report on Thursday, August 22nd. Deutsche Bank increased their price objective on shares of SEGRO from GBX 740 ($9.67) to GBX 830 ($10.85) and gave the company a buy rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upgraded shares of SEGRO to a neutral rating and increased their price objective for the company from GBX 690 ($9.02) to GBX 775 ($10.13) in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 797.58 ($10.42).

SGRO stock opened at GBX 835 ($10.91) on Wednesday. The company has a market cap of $9.16 billion and a price-to-earnings ratio of 9.69. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 28.31. SEGRO has a 12 month low of GBX 577.60 ($7.55) and a 12 month high of GBX 832 ($10.87). The firm has a 50-day moving average of GBX 793.18 and a two-hundred day moving average of GBX 736.46.

The firm also recently disclosed a dividend, which was paid on Monday, September 23rd. Shareholders of record on Thursday, August 15th were issued a GBX 6.30 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 0.82%. SEGRO’s payout ratio is 0.23%.

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 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.

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Analyst Recommendations for SEGRO (LON:SGRO)

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