Jefferies Financial Group Trims SEGRO (LON:SGRO) Target Price to GBX 930

SEGRO (LON:SGRO) had its price objective lowered by Jefferies Financial Group from GBX 950 ($12.29) to GBX 930 ($12.03) in a research report issued to clients and investors on Monday, LSE.Co.UK reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 2.06% from the stock’s current price.

A number of other research analysts also recently commented on SGRO. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 10th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research note on Thursday, April 11th. Finally, Barclays upgraded SEGRO to an “overweight” rating in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 944.67 ($12.22).

SEGRO Price Performance

SGRO stock traded up GBX 18.09 ($0.23) during trading on Monday, hitting GBX 911.20 ($11.78). The stock had a trading volume of 5,637,542 shares, compared to its average volume of 2,884,248. The company’s 50 day moving average price is GBX 910.20 and its two-hundred day moving average price is GBX 881.47. SEGRO has a 1-year low of GBX 675 ($8.73) and a 1-year high of GBX 949 ($12.27). The stock has a market cap of £12.30 billion, a price-to-earnings ratio of -4,377.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75. The company has a debt-to-equity ratio of 50.61, a quick ratio of 0.62 and a current ratio of 0.88.

Insider Activity at SEGRO

In other news, insider Soumen Das purchased 408 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of GBX 882 ($11.41) per share, with a total value of £3,598.56 ($4,654.11). In other SEGRO news, insider David J. R. Sleath sold 108,420 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of GBX 893 ($11.55), for a total value of £968,190.60 ($1,252,186.50). Also, insider Soumen Das bought 408 shares of the company’s stock in a transaction on Friday, May 10th. The stock was bought at an average cost of GBX 882 ($11.41) per share, for a total transaction of £3,598.56 ($4,654.11). Corporate insiders own 0.25% of the company’s stock.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.