SEGRO (LON:SGRO) Earns “Buy” Rating from UBS Group

SEGRO (LON:SGRO)‘s stock had its “buy” rating restated by research analysts at UBS Group in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a GBX 780 price objective on the real estate investment trust’s stock. UBS Group’s price target suggests a potential upside of 17.26% from the company’s previous close.

A number of other brokerages have also recently issued reports on SGRO. Citigroup decreased their price objective on shares of SEGRO from GBX 1,102 to GBX 1,053 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SEGRO in a research note on Thursday, October 9th. Jefferies Financial Group lowered their price target on SEGRO from GBX 693 to GBX 677 and set a “hold” rating for the company in a report on Tuesday, August 5th. Finally, Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 848.75.

SEGRO Stock Down 1.4%

SGRO stock opened at GBX 665.20 on Friday. SEGRO has a 52 week low of GBX 586.85 and a 52 week high of GBX 845.40. The business has a 50-day simple moving average of GBX 640.49 and a 200 day simple moving average of GBX 660. 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 company has a market cap of £9.00 billion, a PE ratio of 1,446.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79.

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

SEGRO Company Profile

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