SEGRO (LON:SGRO) Given “Hold” Rating at Peel Hunt
Peel Hunt reiterated their hold rating on shares of SEGRO (LON:SGRO) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports.
SGRO has been the topic of a number of other research reports. Royal Bank of Canada boosted their target price on SEGRO from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the company a sector performer rating in a research note on Friday, July 26th. Credit Suisse Group boosted their target price on SEGRO from GBX 745 ($9.73) to GBX 860 ($11.24) and gave the company an outperform rating in a research note on Thursday, July 4th. JPMorgan Chase & Co. upgraded SEGRO to a neutral rating and boosted their target price for the company from GBX 690 ($9.02) to GBX 775 ($10.13) in a research note on Thursday, July 25th. Morgan Stanley boosted their target price on SEGRO from GBX 830 ($10.85) to GBX 870 ($11.37) and gave the company an overweight rating in a research note on Monday, September 2nd. Finally, Deutsche Bank boosted their target price on SEGRO from GBX 740 ($9.67) to GBX 830 ($10.85) and gave the company a buy rating in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. SEGRO currently has a consensus rating of Buy and a consensus price target of GBX 792.75 ($10.36).
Shares of LON SGRO opened at GBX 783.20 ($10.23) on Monday. The business’s 50-day moving average price is GBX 765.51 and its two-hundred day moving average price is GBX 716.17. The company has a debt-to-equity ratio of 28.31, a current ratio of 0.96 and a quick ratio of 0.93. SEGRO has a one year low of GBX 577.60 ($7.55) and a one year high of GBX 800.21 ($10.46). The company has a market capitalization of $8.56 billion and a P/E ratio of 9.09.
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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