SEGRO plc (LON:SGRO) insider Andy Gulliford sold 97,308 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of GBX 718 ($9.38), for a total transaction of £698,671.44 ($912,937.99).
LON:SGRO traded down GBX 13 ($0.17) during mid-day trading on Thursday, reaching GBX 699.80 ($9.14). 2,463,697 shares of the company were exchanged, compared to its average volume of 2,670,000. SEGRO plc has a 12 month low of GBX 577.60 ($7.55) and a 12 month high of GBX 715.20 ($9.35). The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 34.18. The firm has a market cap of $7.54 billion and a P/E ratio of 6.68.
Several brokerages have issued reports on SGRO. Goldman Sachs Group boosted their price target on shares of SEGRO from GBX 701 ($9.16) to GBX 800 ($10.45) and gave the company a “buy” rating in a report on Tuesday, May 14th. Deutsche Bank reaffirmed a “buy” rating on shares of SEGRO in a report on Tuesday, March 19th. Liberum Capital reaffirmed a “buy” rating on shares of SEGRO in a report on Wednesday, April 17th. Peel Hunt reaffirmed a “hold” rating on shares of SEGRO in a report on Wednesday, April 17th. Finally, Morgan Stanley upped their target price on shares of SEGRO from GBX 760 ($9.93) to GBX 830 ($10.85) and gave the stock an “underweight” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 725.64 ($9.48).
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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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