Insider Selling: SEGRO plc (LON:SGRO) Insider Sells 110,000 Shares of Stock

SEGRO plc (LON:SGRO) insider Soumen Das sold 110,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of GBX 727 ($9.50), for a total value of £799,700 ($1,044,949.69).

SEGRO stock traded up GBX 11.80 ($0.15) during trading on Monday, hitting GBX 730.80 ($9.55). 2,253,069 shares of the company were exchanged, compared to its average volume of 2,670,000. The firm has a 50 day simple moving average of GBX 697.89. SEGRO plc has a 52 week low of GBX 577.60 ($7.55) and a 52 week high of GBX 727.40 ($9.50). The company has a market capitalization of $7.98 billion and a P/E ratio of 6.97. The company has a debt-to-equity ratio of 34.18, a current ratio of 0.85 and a quick ratio of 0.63.

A number of equities analysts have recently weighed in on SGRO shares. Peel Hunt reaffirmed a “hold” rating on shares of SEGRO in a research report on Wednesday, April 17th. Goldman Sachs Group decreased their price target on SEGRO from GBX 800 ($10.45) to GBX 786 ($10.27) and set a “buy” rating for the company in a report on Tuesday, June 4th. Royal Bank of Canada upped their price target on SEGRO from GBX 625 ($8.17) to GBX 650 ($8.49) and gave the stock a “sector performer” rating in a report on Friday, February 22nd. Liberum Capital reiterated a “buy” rating on shares of SEGRO in a report on Tuesday, March 12th. Finally, HSBC upped their price target on SEGRO from GBX 692 ($9.04) to GBX 705 ($9.21) and gave the stock a “buy” rating in a report on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 735.89 ($9.62).

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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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