SEGRO (LON:SGRO) Sets New 12-Month High – Here’s Why

SEGRO Plc (LON:SGRO) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 997.40 and last traded at GBX 997.40, with a volume of 7834703 shares trading hands. The stock had previously closed at GBX 982.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SGRO. Citigroup reissued a “buy” rating and issued a £104.30 price target on shares of SEGRO in a research note on Friday, June 26th. Berenberg Bank increased their price objective on shares of SEGRO from GBX 915 to GBX 995 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group lifted their target price on shares of SEGRO from GBX 855 to GBX 917 and gave the company a “hold” rating in a report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,241.

SEGRO Stock Performance

The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56. The company has a market capitalization of £13.39 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 2.12 and a beta of 1.14. The firm has a 50-day simple moving average of GBX 809.79 and a two-hundred day simple moving average of GBX 759.93.

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.