SEGRO (LON:SGRO) Hits New 1-Year High – What’s Next?

Shares of SEGRO Plc (LON:SGRO) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 756 and last traded at GBX 756, with a volume of 7011378 shares traded. The stock had previously closed at GBX 730.

Analyst Ratings Changes

Several brokerages have recently weighed in on SGRO. Shore Capital reiterated a “buy” rating on shares of SEGRO in a report on Tuesday, October 21st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a research note on Thursday, October 9th. UBS Group reaffirmed a “buy” rating and set a GBX 780 target price on shares of SEGRO in a research report on Friday, October 17th. Finally, Jefferies Financial Group lifted their price target on shares of SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 854.50.

SEGRO Stock Performance

The company’s 50-day simple moving average is GBX 712.38 and its 200 day simple moving average is GBX 677.99. The stock has a market cap of £10.17 billion, a P/E ratio of 16.35, a PEG ratio of 2.12 and a beta of 0.79. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10.

SEGRO Company Profile

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.