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).
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.
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