SEGRO (SGRO)

Sector:

Property Investment Trusts

Index:

FTSE 100

909.00p
   
  • Change Today:
      3.20p
  • 52 Week High: 940.00p
  • 52 Week Low: 679.20p
  • Currency: UK Pounds
  • Shares Issued: 1,352.33m
  • Volume: 1,377,782
  • Market Cap: £12,293m
  • RiskGrade: 100

Barclays gives Segro a double upgrade

By Benjamin Chiou

Date: Wednesday 03 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Barclays has upgraded its rating on industrial real estate group Segro by two notches from 'underweight' to 'overweight' as part of its review of the European warehouse sector.
"The warehouse market continues to remain structurally supported," the bank said in a research note on Wednesday.

"While company valuations are richer than other sub-sectors, we expect good earnings growth and asset values are more realistically set. Leverage is low and companies are issuing equity to grow."

Segro's shares, which have gained 13% over the past 12 months and now stand at 869.40p, have fallen sharply since the 1,400p level it reached in early 2022.

But Barclays sees upside, hiking its target price from 775p to 1,000p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SEGRO Market Data

Currency UK Pounds
Share Price 909.00p
Change Today 3.20p
% Change 0.35 %
52 Week High 940.00p
52 Week Low 679.20p
Volume 1,377,782
Shares Issued 1,352.33m
Market Cap £12,293m
RiskGrade 100

SEGRO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.47% below the market average94.47% below the market average94.47% below the market average94.47% below the market average94.47% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
38.79% above the market average38.79% above the market average38.79% above the market average38.79% above the market average38.79% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Income
26.7% below the market average26.7% below the market average26.7% below the market average26.7% below the market average26.7% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
0.86% below the market average0.86% below the market average0.86% below the market average0.86% below the market average0.86% below the market average
10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average

What The Brokers Say

Strong Buy 7
Buy 7
Neutral 6
Sell 0
Strong Sell 1
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SEGRO Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Mar-24 10-Aug-23
Paid 03-May-24 22-Sep-23
Amount 19.10p 8.70p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 8,301 @ 909.00p
16:35 2,246 @ 909.00p
16:35 858,476 @ 909.00p
16:35 10,998 @ 909.00p
16:35 10,998 @ 909.00p

SEGRO Key Personnel

CEO David J R Sleath
CFO Soumen Das

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