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

SEGRO Plc (LON:SGRO) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 894.20 and last traded at GBX 888.60, with a volume of 22190041 shares changing hands. The stock had previously closed at GBX 884.

Wall Street Analysts Forecast Growth

SGRO has been the subject of several recent analyst reports. Citigroup restated a “buy” rating and set a £104.30 price objective on shares of SEGRO in a research report on Friday, June 26th. Jefferies Financial Group boosted their target price on SEGRO from GBX 855 to GBX 917 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Berenberg Bank reissued a “buy” rating and issued a GBX 915 target price on shares of SEGRO in a report on Friday, April 17th. Finally, The Goldman Sachs Group reduced 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. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,229.57.

SEGRO Stock Up 1.5%

The firm’s fifty day moving average price is GBX 775.40 and its 200-day moving average price is GBX 748.98. The company has a market capitalization of £12.14 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 41.02, a current ratio of 0.56 and a quick ratio of 0.62.

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.