SEGRO (LON:SGRO) Hits New 52-Week High on Analyst Upgrade

Shares of SEGRO Plc (LON:SGRO) reached a new 52-week high during mid-day trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 915 to GBX 995. Berenberg Bank currently has a buy rating on the stock. SEGRO traded as high as GBX 917.80 and last traded at GBX 895, with a volume of 35912809 shares changing hands. The stock had previously closed at GBX 869.40.

SGRO has been the topic of several other research reports. Jefferies Financial Group boosted their price objective on SEGRO from GBX 855 to GBX 917 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Citigroup reaffirmed a “buy” rating and set a £104.30 target price on shares of SEGRO in a research report on Friday, June 26th. Finally, The Goldman Sachs Group lowered their target price on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,241.

SEGRO Stock Performance

The stock has a market capitalization of £12.92 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company has a 50 day simple moving average of GBX 791.73 and a 200-day simple moving average of GBX 754.44. The company has a debt-to-equity ratio of 41.02, a current ratio of 0.56 and a quick ratio of 0.62.

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.