SEGRO (LON:SGRO) Reaches New 1-Year High – What’s Next?

SEGRO Plc (LON:SGRO) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 770 and last traded at GBX 769.68, with a volume of 3729189 shares changing hands. The stock had previously closed at GBX 762.

Analyst Ratings Changes

A number of research firms have recently commented on SGRO. Shore Capital restated a “buy” rating on shares of SEGRO in a research report on Tuesday, October 21st. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SEGRO in a research report on Thursday, October 9th. Berenberg Bank raised their price objective on SEGRO from GBX 1,056 to GBX 1,067 and gave the company a “buy” rating in a report on Monday, January 26th. Jefferies Financial Group upped their target price on SEGRO from GBX 677 to GBX 700 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, UBS Group reiterated a “buy” rating and set a GBX 780 target price on shares of SEGRO in a research report on Friday, October 17th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, SEGRO presently has an average rating of “Buy” and an average target price of GBX 897.

SEGRO Price Performance

The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. The stock has a market capitalization of £10.48 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The stock’s 50 day moving average is GBX 721.15 and its two-hundred day moving average is GBX 683.01.

About SEGRO

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.