SEGRO (LON:SGRO) Reaches New 52-Week High – What’s Next?

SEGRO Plc (LON:SGRO)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 781.60 and last traded at GBX 781, with a volume of 5119228 shares changing hands. The stock had previously closed at GBX 763.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group reiterated a “buy” rating and set a GBX 780 target price on shares of SEGRO in a research report on Friday, October 17th. Jefferies Financial Group lifted their price objective on SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a report on Tuesday, October 28th. Berenberg Bank upped their price objective on SEGRO from GBX 1,056 to GBX 1,067 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Shore Capital Group restated a “buy” rating on shares of SEGRO in a research report on Tuesday, October 21st. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 897.

SEGRO Trading Up 1.7%

The company’s fifty day moving average price is GBX 726.21 and its two-hundred day moving average price is GBX 686.65. The company has a quick ratio of 0.62, a current ratio of 1.30 and a debt-to-equity ratio of 42.10. The company has a market cap of £10.50 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79.

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.