Insider Buying: SEGRO Plc (LON:SGRO) Insider Acquires 7,240 Shares of Stock

SEGRO Plc (LON:SGRO) insider Marcus Sperber bought 7,240 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was purchased at an average price of GBX 691 ($8.64) per share, for a total transaction of £50,028.40 ($62,527.68).

SEGRO Stock Performance

LON:SGRO traded up GBX 5.99 ($0.07) on Friday, hitting GBX 687.99 ($8.60). The stock had a trading volume of 8,887,453 shares, compared to its average volume of 3,778,107. SEGRO Plc has a 52-week low of GBX 679.20 ($8.49) and a 52-week high of GBX 949 ($11.86). The stock has a market cap of £9.29 billion, a price-to-earnings ratio of -3,276.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The company has a quick ratio of 0.62, a current ratio of 1.30 and a debt-to-equity ratio of 42.10. The business’s 50-day simple moving average is GBX 782.92 and its two-hundred day simple moving average is GBX 858.79.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SGRO. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,050 ($13.12) price objective on shares of SEGRO in a research report on Tuesday, September 24th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research report on Thursday, September 26th. Finally, Barclays reissued an “overweight” rating and issued a GBX 1,050 ($13.12) target price on shares of SEGRO in a research report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, SEGRO presently has an average rating of “Moderate Buy” and a consensus target price of GBX 986.50 ($12.33).

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing and industrial property.