SEGRO (LON:SGRO) Hits New 12-Month High – Here’s Why

SEGRO Plc (LON:SGRO) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 799 and last traded at GBX 784.20, with a volume of 1662070 shares traded. The stock had previously closed at GBX 794.20.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Berenberg Bank upped their target price on SEGRO from GBX 1,056 to GBX 1,067 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Shore Capital Group reissued a “buy” rating on shares of SEGRO in a research report on Tuesday, October 21st. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, SEGRO currently has a consensus rating of “Buy” and an average price target 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 business has a 50 day moving average price of GBX 732.73 and a 200-day moving average price of GBX 690.58. The company has a market capitalization of £10.61 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 2.12 and a beta of 0.79.

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.