SEGRO (LON:SGRO) Reaches New 52-Week High – What’s Next?

SEGRO Plc (LON:SGRO) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 893.60 and last traded at GBX 858.80, with a volume of 67676008 shares traded. The stock had previously closed at GBX 742.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Berenberg Bank reissued a “buy” rating and set a GBX 915 target price on shares of SEGRO in a research note on Friday, April 17th. The Goldman Sachs Group cut their price target on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a research note on Monday, March 30th. JPMorgan Chase & Co. increased their price target on shares of SEGRO from GBX 885 to GBX 915 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of SEGRO from GBX 800 to GBX 850 and gave the company a “hold” rating in a research note on Friday, March 20th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, SEGRO has an average rating of “Moderate Buy” and a consensus price target of GBX 859.

SEGRO Stock Performance

The firm has a market capitalization of £11.62 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 2.12 and a beta of 1.14. The firm has a 50 day moving average price of GBX 715.08 and a 200-day moving average price of GBX 726.95. The company has a debt-to-equity ratio of 41.02, a current ratio of 0.56 and a quick ratio of 0.62.

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.