SEGRO (LON:SGRO) Reaches New 52-Week High on Analyst Upgrade

SEGRO Plc (LON:SGRO)’s stock price hit a new 52-week high during mid-day trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 915 to GBX 995. Berenberg Bank currently has a buy rating on the stock. SEGRO traded as high as GBX 917.80 and last traded at GBX 895, with a volume of 35912809 shares changing hands. The stock had previously closed at GBX 869.40.

Several other equities research analysts also recently commented on SGRO. The Goldman Sachs Group decreased their target price on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research report on Monday, March 30th. Citigroup reaffirmed a “buy” rating and set a £104.30 price target on shares of SEGRO in a report on Friday, June 26th. Finally, Jefferies Financial Group raised their price target on shares of SEGRO from GBX 855 to GBX 917 and gave the company a “hold” rating in a report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,241.

SEGRO Stock Up 2.9%

The company has a quick ratio of 0.62, a current ratio of 0.56 and a debt-to-equity ratio of 41.02. The company has a market cap of £12.11 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company has a fifty day moving average of GBX 786.68 and a 200 day moving average of GBX 752.79.

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.