SEGRO (LON:SGRO) Earns “Overweight” Rating from JPMorgan Chase & Co.

SEGRO (LON:SGRO)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, MarketBeat reports.

A number of other brokerages have also recently commented on SGRO. Citigroup reduced their target price on shares of SEGRO from GBX 1,102 to GBX 1,053 and set a “buy” rating for the company in a report on Wednesday, July 30th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a report on Thursday, July 31st. Finally, Jefferies Financial Group reduced their target price on shares of SEGRO from GBX 693 to GBX 677 and set a “hold” rating for the company in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 871.67.

SEGRO Stock Down 0.4%

Shares of SEGRO stock opened at GBX 649.80 on Thursday. The company has a market cap of £8.79 billion, a price-to-earnings ratio of 1,412.61, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The company’s 50 day moving average is GBX 638.62 and its 200 day moving average is GBX 661.19. SEGRO has a twelve month low of GBX 586.85 and a twelve month high of GBX 858. The company has a quick ratio of 0.62, a current ratio of 1.30 and a debt-to-equity ratio of 42.10.

SEGRO (LON:SGRO) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported GBX 18.10 earnings per share for the quarter. SEGRO had a negative net margin of 1.36% and a negative return on equity of 0.09%. Research analysts anticipate that SEGRO will post 37.4077408 EPS for the current year.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing and industrial property.