SEGRO (LON:SGRO) Receives “Overweight” Rating from Barclays

SEGRO (LON:SGRO)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays in a research note issued to investors on Monday, Digital Look reports. They presently have a GBX 1,050 ($13.73) target price on the real estate investment trust’s stock. Barclays‘s price objective points to a potential upside of 19.07% from the stock’s current price.

SGRO has been the subject of a number of other research reports. Jefferies Financial Group cut their price objective on shares of SEGRO from GBX 950 ($12.42) to GBX 930 ($12.16) and set a “hold” rating for the company in a research report on Monday, July 29th. Shore Capital reissued a “buy” rating on shares of SEGRO in a research report on Wednesday, September 4th. JPMorgan Chase & Co. increased their price target on shares of SEGRO from GBX 1,000 ($13.08) to GBX 1,050 ($13.73) and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, UBS Group cut shares of SEGRO to a “neutral” rating and lowered their price objective for the company from GBX 1,045 ($13.67) to GBX 985 ($12.88) in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 986.50 ($12.90).

SEGRO Trading Up 0.5 %

Shares of LON:SGRO traded up GBX 4.40 ($0.06) during trading on Monday, reaching GBX 881.80 ($11.53). The stock had a trading volume of 915,303 shares, compared to its average volume of 4,873,217. The business has a fifty day moving average price of GBX 899.91 and a 200-day moving average price of GBX 889.01. The company has a quick ratio of 0.62, a current ratio of 1.30 and a debt-to-equity ratio of 42.10. The stock has a market cap of £11.90 billion, a P/E ratio of -4,199.05, a PEG ratio of 2.12 and a beta of 0.79. SEGRO has a fifty-two week low of GBX 675 ($8.83) and a fifty-two week high of GBX 949 ($12.41).

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.