SEGRO (LON:SGRO) Hits New 52-Week High – Time to Buy?

SEGRO Plc (LON:SGRO) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 745.40 and last traded at GBX 743.60, with a volume of 8694677 shares changing hands. The stock had previously closed at GBX 734.80.

Analyst Upgrades and Downgrades

A number of research firms have commented on SGRO. Jefferies Financial Group raised their target price on shares of SEGRO from GBX 677 to GBX 700 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. UBS Group reiterated a “buy” rating and set a GBX 780 target price on shares of SEGRO in a research report on Friday, October 17th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of SEGRO in a research note on Thursday, October 9th. Finally, Shore Capital reiterated a “buy” rating on shares of SEGRO in a report on Tuesday, October 21st. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 854.50.

SEGRO Price Performance

The company’s 50-day simple moving average is GBX 711.91 and its 200-day simple moving average is GBX 675.95. The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62. The company has a market cap of £10.13 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 2.12 and a beta of 0.79.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing, industrial property and data centres across the UK and seven other European countries.