SEGRO plc (SGRO) Insider Sells £698,671.44 in Stock

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).

ILLEGAL ACTIVITY WARNING: “SEGRO plc (SGRO) Insider Sells £698,671.44 in Stock” was published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.thelincolnianonline.com/2019/05/23/segro-plc-sgro-insider-sells-698671-44-in-stock.html.

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.

See Also: What Factors Can Affect Return on Equity?

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.