SEGRO (LON:SGRO) Reaches New 1-Year High After Analyst Upgrade

SEGRO Plc (LON:SGRO)’s stock price hit a new 52-week high on Thursday after Berenberg Bank raised their price target on the stock from GBX 915 to GBX 995. Berenberg Bank currently has a buy rating on the stock. SEGRO traded as high as GBX 917.80 and last traded at GBX 895, with a volume of 35912809 shares. The stock had previously closed at GBX 869.40.

Several other brokerages have also issued reports on SGRO. Jefferies Financial Group boosted their target price on shares of SEGRO from GBX 855 to GBX 917 and gave the company a “hold” rating in a research report on Thursday, July 9th. Citigroup reiterated a “buy” rating and issued a £104.30 price target on shares of SEGRO in a research report on Friday, June 26th. Finally, The Goldman Sachs Group cut their price objective on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research report on Monday, March 30th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,241.

SEGRO Stock Performance

The company has a market cap of £12.11 billion, a P/E ratio of 21.99, a PEG ratio of 2.12 and a beta of 1.14. The business’s 50 day simple moving average is GBX 786.68 and its 200 day simple moving average is GBX 752.79. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 41.02.

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.