SEGRO (LON:SGRO) Stock Rating Lowered by Royal Bank of Canada

Share on StockTwits

SEGRO (LON:SGRO) was downgraded by equities researchers at Royal Bank of Canada to an “underperform” rating in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports. They presently have a GBX 725 ($9.47) target price on the real estate investment trust’s stock, down from their previous target price of GBX 750 ($9.80). Royal Bank of Canada’s target price points to a potential downside of 15.76% from the stock’s current price.

SGRO has been the topic of several other reports. Deutsche Bank reaffirmed a “buy” rating on shares of SEGRO in a research report on Thursday, October 17th. Peel Hunt restated a “hold” rating on shares of SEGRO in a research note on Tuesday. Goldman Sachs Group restated a “buy” rating on shares of SEGRO in a research note on Thursday, August 8th. Peel Hunt restated a “hold” rating and issued a GBX 735 ($9.60) price objective on shares of SEGRO in a report on Wednesday, October 16th. Finally, UBS Group lowered SEGRO to a “neutral” rating and lifted their price objective for the company from GBX 820 ($10.71) to GBX 850 ($11.11) in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 798 ($10.43).

Shares of LON SGRO opened at GBX 860.60 ($11.25) on Wednesday. The stock has a market capitalization of $9.80 billion and a PE ratio of 9.98. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 28.31. The firm has a fifty day moving average of GBX 848.72 and a 200-day moving average of GBX 775.71. SEGRO has a 52-week low of GBX 577.60 ($7.55) and a 52-week high of GBX 887.80 ($11.60).

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.

Featured Article: Trading Ex-Dividend

Analyst Recommendations for SEGRO (LON:SGRO)

Receive News & Ratings for SEGRO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEGRO and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.