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

SEGRO Plc (LON:SGRO) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 893.60 and last traded at GBX 858.80, with a volume of 67676008 shares trading hands. The stock had previously closed at GBX 742.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SGRO. Deutsche Bank Aktiengesellschaft upped their price target on SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a research note on Friday, March 20th. Berenberg Bank reissued a “buy” rating and issued a GBX 915 target price on shares of SEGRO in a report on Friday, April 17th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 855 target price on shares of SEGRO in a report on Wednesday. The Goldman Sachs Group dropped their target price on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 881.14.

SEGRO Price Performance

The firm has a market cap of £11.92 billion, a PE ratio of 21.65, a PEG ratio of 2.12 and a beta of 1.14. The firm has a fifty day simple moving average of GBX 722.11 and a two-hundred day simple moving average of GBX 729.31. The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56.

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.