Peel Hunt Reaffirms Hold Rating for SEGRO (LON:SGRO)
Peel Hunt restated their hold rating on shares of SEGRO (LON:SGRO) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports.
SGRO has been the topic of a number of other research reports. Liberum Capital boosted their price objective on shares of SEGRO from GBX 750 ($9.80) to GBX 850 ($11.11) and gave the stock a buy rating in a report on Tuesday, July 30th. Goldman Sachs Group reiterated a buy rating on shares of SEGRO in a report on Thursday, August 8th. Credit Suisse Group boosted their price objective on shares of SEGRO from GBX 745 ($9.73) to GBX 860 ($11.24) and gave the stock an outperform rating in a report on Thursday, July 4th. Royal Bank of Canada boosted their price objective on shares of SEGRO from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the stock a sector performer rating in a report on Friday, July 26th. Finally, Deutsche Bank boosted their price objective on shares of SEGRO from GBX 740 ($9.67) to GBX 830 ($10.85) and gave the stock a buy rating in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of GBX 792.75 ($10.36).
Shares of SEGRO stock opened at GBX 779.60 ($10.19) on Tuesday. The company has a fifty day moving average price of GBX 763.04 and a 200 day moving average price of GBX 711.66. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 28.31. SEGRO has a twelve month low of GBX 577.60 ($7.55) and a twelve month high of GBX 800.21 ($10.46). The stock has a market cap of $8.52 billion and a price-to-earnings ratio of 9.04.
In other SEGRO news, insider Soumen Das sold 110,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 727 ($9.50), for a total value of £799,700 ($1,044,949.69).
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.
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