SEGRO (LON:SGRO) Hits New 12-Month High After Analyst Upgrade

SEGRO Plc (LON:SGRO)’s share price hit a new 52-week high during mid-day trading on Monday after Berenberg Bank raised their price target on the stock from GBX 1,056 to GBX 1,067. Berenberg Bank currently has a buy rating on the stock. SEGRO traded as high as GBX 756 and last traded at GBX 756, with a volume of 7011378 shares traded. The stock had previously closed at GBX 730.

Several other brokerages have also issued reports on SGRO. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research report on Tuesday, October 21st. Jefferies Financial Group lifted their price objective on shares of SEGRO from GBX 677 to GBX 700 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SEGRO in a research note on Thursday, October 9th. Finally, UBS Group restated a “buy” rating and set a GBX 780 price target on shares of SEGRO in a research note on Friday, October 17th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 897.

SEGRO Stock Up 1.0%

The stock has a market capitalization of £10.27 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. 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 stock has a fifty day moving average price of GBX 715.59 and a 200 day moving average price of GBX 679.84.

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.