SEGRO Plc (LON:SGRO) Given Average Recommendation of “Buy” by Brokerages

Shares of SEGRO Plc (LON:SGRO) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 897.

SGRO has been the subject of a number of recent analyst reports. Shore Capital reiterated a “buy” rating on shares of SEGRO in a research note on Tuesday, October 21st. UBS Group reaffirmed a “buy” rating and issued a GBX 780 target price on shares of SEGRO in a report on Friday, October 17th. Berenberg Bank lifted their price target on SEGRO from GBX 1,056 to GBX 1,067 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a research report on Thursday, October 9th. Finally, Jefferies Financial Group raised their price objective on SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a research report on Tuesday, October 28th.

SEGRO Stock Down 0.2%

Shares of LON SGRO traded down GBX 1.58 during trading hours on Tuesday, hitting GBX 750.42. The company had a trading volume of 2,135,361 shares, compared to its average volume of 23,134,424. SEGRO has a 1-year low of GBX 586.85 and a 1-year high of GBX 756.40. 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 firm’s 50 day moving average is GBX 713.36 and its 200-day moving average is GBX 678.62. The stock has a market capitalization of £10.15 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79.

About SEGRO

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.