SEGRO (LON:SGRO) Reaches New 12-Month High – Should You Buy?

SEGRO Plc (LON:SGRO)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 815.20 and last traded at GBX 812.40, with a volume of 48609234 shares traded. The stock had previously closed at GBX 814.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Berenberg Bank raised their price objective on shares of SEGRO from GBX 1,056 to GBX 1,067 and gave the stock a “buy” rating in a report on Monday, January 26th. Jefferies Financial Group upped their target price on shares of SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, SEGRO presently has an average rating of “Buy” and a consensus target price of GBX 897.

SEGRO Trading Down 0.2%

The stock has a market cap of £10.99 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The firm’s 50 day simple moving average is GBX 741.62 and its two-hundred day simple moving average is GBX 695.01. 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 posted its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported GBX 36.60 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%. As a group, equities research analysts predict that SEGRO Plc will post 37.4077408 earnings per share for the current fiscal year.

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.