SEGRO (LON:SGRO) Reaches New 1-Year High – Still a Buy?

Shares of SEGRO Plc (LON:SGRO) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 745.40 and last traded at GBX 743.60, with a volume of 8694677 shares traded. The stock had previously closed at GBX 734.80.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a research report on Thursday, October 9th. UBS Group reiterated a “buy” rating and issued a GBX 780 price target on shares of SEGRO in a research note on Friday, October 17th. Jefferies Financial Group boosted their price objective on SEGRO from GBX 677 to GBX 700 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a report on Tuesday, October 21st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 854.50.

SEGRO Price Performance

The company has a fifty day simple moving average of GBX 710.77 and a 200 day simple moving average of GBX 674.94. The stock has a market capitalization of £10.05 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 2.12 and a beta of 0.79. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30.

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.