SEGRO (LON:SGRO) Hits New 1-Year High – What’s Next?

SEGRO Plc (LON:SGRO) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 799 and last traded at GBX 784.20, with a volume of 1662070 shares trading hands. The stock had previously closed at GBX 794.20.

Analysts Set New Price Targets

A number of research firms recently weighed in on SGRO. Shore Capital Group reaffirmed a “buy” rating on shares of SEGRO in a research note on Tuesday, October 21st. Berenberg Bank upped their target price on SEGRO from GBX 1,056 to GBX 1,067 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Jefferies Financial Group increased their target price on SEGRO from GBX 677 to GBX 700 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 897.

SEGRO Price Performance

The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. The business has a 50 day simple moving average of GBX 732.73 and a 200-day simple moving average of GBX 690.58. The firm has a market cap of £10.61 billion, a price-to-earnings ratio of 17.05, 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.