SEGRO (LON:SGRO) Sets New 52-Week High – Time to Buy?

SEGRO Plc (LON:SGRO) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 894.20 and last traded at GBX 888.60, with a volume of 22190041 shares. The stock had previously closed at GBX 884.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on SEGRO from GBX 800 to GBX 850 and gave the company a “hold” rating in a report on Friday, March 20th. Citigroup restated a “buy” rating and set a £104.30 price target on shares of SEGRO in a research note on Friday, June 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 915 price objective on shares of SEGRO in a research note on Friday, April 17th. The Goldman Sachs Group dropped their price objective on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a report on Monday, March 30th. Finally, Jefferies Financial Group boosted their target price on shares of SEGRO from GBX 855 to GBX 917 and gave the company a “hold” rating in a research report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, SEGRO has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,229.57.

SEGRO Price Performance

The firm has a 50 day moving average price of GBX 771.79 and a 200 day moving average price of GBX 747.94. The stock has a market capitalization of £12.14 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 41.02.

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.