Morgan Stanley Boosts SEGRO (SGRO) Price Target to GBX 830

SEGRO (LON:SGRO) had its price objective raised by Morgan Stanley from GBX 760 ($9.93) to GBX 830 ($10.85) in a research note released on Thursday morning. They currently have an underweight rating on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on the stock. HSBC raised shares of SEGRO to a buy rating and lifted their price target for the company from GBX 584 ($7.63) to GBX 692 ($9.04) in a report on Wednesday, January 2nd. Goldman Sachs Group raised shares of SEGRO to a buy rating and lowered their price target for the company from GBX 716 ($9.36) to GBX 701 ($9.16) in a report on Friday, January 25th. JPMorgan Chase & Co. lifted their price target on shares of SEGRO from GBX 660 ($8.62) to GBX 670 ($8.75) and gave the company an underweight rating in a report on Monday, January 21st. Credit Suisse Group reaffirmed an outperform rating on shares of SEGRO in a report on Wednesday, December 12th. Finally, Deutsche Bank reaffirmed a buy rating on shares of SEGRO in a report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. SEGRO presently has a consensus rating of Hold and an average price target of GBX 711.08 ($9.29).

Shares of LON:SGRO opened at GBX 682.40 ($8.92) on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 34.18. SEGRO has a 1-year low of GBX 577.60 ($7.55) and a 1-year high of GBX 682.40 ($8.92). The company has a market cap of $7.40 billion and a price-to-earnings ratio of 6.51.

The business also recently announced a dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Thursday, March 21st will be issued a GBX 13.25 ($0.17) dividend. This represents a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 21st. This is an increase from SEGRO’s previous dividend of $5.55. SEGRO’s payout ratio is 0.18%.

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 (74 million square feet) valued at over £10 billion serving customers from a wide range of industry sectors.

Featured Article: What are the most popular ETFs

Analyst Recommendations for SEGRO (LON:SGRO)

Receive News & Ratings for SEGRO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEGRO and related companies with MarketBeat.com's FREE daily email newsletter.