SEGRO (LON:SGRO)‘s stock had its “overweight” rating reaffirmed by Morgan Stanley in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 870 ($11.37) price objective on the real estate investment trust’s stock. Morgan Stanley’s target price would suggest a potential upside of 2.84% from the company’s previous close.
SGRO has been the subject of a number of other research reports. JPMorgan Chase & Co. upgraded SEGRO to a “neutral” rating and lifted their price target for the company from GBX 690 ($9.02) to GBX 775 ($10.13) in a research report on Thursday, July 25th. Liberum Capital restated a “buy” rating and issued a GBX 850 ($11.11) target price on shares of SEGRO in a research report on Wednesday, October 16th. Peel Hunt restated a “hold” rating on shares of SEGRO in a research report on Tuesday, November 5th. Barclays restated an “overweight” rating and issued a GBX 855 ($11.17) target price (up previously from GBX 755 ($9.87)) on shares of SEGRO in a research report on Thursday, August 22nd. Finally, Peel Hunt restated a “hold” rating and issued a GBX 735 ($9.60) target price on shares of SEGRO in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 797.58 ($10.42).
Shares of SGRO traded up GBX 6.80 ($0.09) during trading hours on Tuesday, reaching GBX 846 ($11.05). 1,165,075 shares of the company’s stock traded hands, compared to its average volume of 2,670,000. The stock has a market cap of $9.18 billion and a PE ratio of 9.81. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 28.31. The firm’s 50 day simple moving average is GBX 819.07 and its 200-day simple moving average is GBX 754.71. SEGRO has a 12 month low of GBX 577.60 ($7.55) and a 12 month high of GBX 862.88 ($11.28).
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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