SEGRO (LON:SGRO) Reaches New 12-Month High Following Analyst Upgrade

Shares of SEGRO Plc (LON:SGRO) 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 trading hands. The stock had previously closed at GBX 869.40.

Several other analysts have also recently commented on SGRO. The Goldman Sachs Group reduced their target price on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a report on Monday, March 30th. Citigroup restated a “buy” rating and issued a £104.30 price target on shares of SEGRO in a research report on Friday, June 26th. Finally, Jefferies Financial Group upped their price objective on shares of SEGRO from GBX 855 to GBX 917 and gave the company a “hold” rating in a research note on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,241.

SEGRO Stock Performance

The company has a debt-to-equity ratio of 41.02, a current ratio of 0.56 and a quick ratio of 0.62. The stock has a fifty day simple moving average of GBX 797.74 and a two-hundred day simple moving average of GBX 756.01. The firm has a market capitalization of £13.25 billion, a P/E ratio of 24.05, a P/E/G ratio of 2.12 and a beta of 1.14.

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.