Andy Gulliford Sells 97,308 Shares of SEGRO plc (SGRO) Stock
SEGRO plc (LON:SGRO) insider Andy Gulliford sold 97,308 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of GBX 718 ($9.38), for a total value of £698,671.44 ($912,937.99).
SEGRO stock opened at GBX 699.80 ($9.14) on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 34.18. The company has a market capitalization of $7.58 billion and a P/E ratio of 6.68. SEGRO plc has a twelve month low of GBX 577.60 ($7.55) and a twelve month high of GBX 715.20 ($9.35).
Several analysts recently weighed in on the company. Goldman Sachs Group upped their price target on SEGRO from GBX 701 ($9.16) to GBX 800 ($10.45) and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Peel Hunt restated a “hold” rating on shares of SEGRO in a research note on Wednesday, May 8th. Liberum Capital restated a “buy” rating on shares of SEGRO in a research note on Wednesday, April 17th. Deutsche Bank restated a “buy” rating on shares of SEGRO in a research note on Tuesday, March 19th. Finally, Morgan Stanley upped their price target on SEGRO from GBX 760 ($9.93) to GBX 830 ($10.85) and gave the stock an “underweight” rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 725.64 ($9.48).
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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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