Mary Barnard Acquires 2,745 Shares of SEGRO Plc (LON:SGRO) Stock

SEGRO Plc (LON:SGROGet Rating) insider Mary Barnard acquired 2,745 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were bought at an average cost of GBX 1,093 ($13.48) per share, with a total value of £30,002.85 ($36,990.32).

LON SGRO traded down GBX 29.50 ($0.36) on Thursday, reaching GBX 1,081.50 ($13.33). The company had a trading volume of 1,781,333 shares, compared to its average volume of 2,969,712. The firm has a market capitalization of £13.00 billion and a PE ratio of 3.29. SEGRO Plc has a 1 year low of GBX 980.60 ($12.09) and a 1 year high of GBX 1,508 ($18.59). The firm has a 50-day moving average of GBX 1,306.78 and a 200-day moving average of GBX 1,325.06. The company has a debt-to-equity ratio of 26.33, a current ratio of 0.68 and a quick ratio of 0.55.

The business also recently declared a dividend, which was paid on Wednesday, May 4th. Shareholders of record on Thursday, March 17th were issued a GBX 16.90 ($0.21) dividend. This represents a yield of 1.32%. The ex-dividend date was Thursday, March 17th. This is a boost from SEGRO’s previous dividend of $7.40. SEGRO’s dividend payout ratio is currently 0.07%.

SGRO has been the subject of a number of research analyst reports. Barclays reaffirmed an “overweight” rating and set a GBX 1,545 ($19.05) price objective on shares of SEGRO in a research note on Friday, May 6th. Morgan Stanley reissued an “overweight” rating on shares of SEGRO in a research report on Wednesday. Berenberg Bank reissued a “buy” rating and set a GBX 1,560 ($19.23) target price on shares of SEGRO in a research report on Thursday, May 5th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a research report on Wednesday, April 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a GBX 1,250 ($15.41) target price on shares of SEGRO in a research report on Wednesday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, SEGRO currently has a consensus rating of “Buy” and a consensus price target of GBX 1,396.09 ($17.21).

About SEGRO (Get Rating)

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.

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