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

Shares of SEGRO Plc (LON:SGRO) reached a new 52-week high on Wednesday . The company traded as high as GBX 893.60 and last traded at GBX 858.80, with a volume of 67676008 shares traded. The stock had previously closed at GBX 742.

Analysts Set New Price Targets

Several brokerages recently weighed in on SGRO. JPMorgan Chase & Co. raised their target price on shares of SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a report on Wednesday, March 4th. The Goldman Sachs Group lowered their price target on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a report on Monday, March 30th. Berenberg Bank reissued a “buy” rating and issued a GBX 915 price objective on shares of SEGRO in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of SEGRO from GBX 800 to GBX 850 and gave the company a “hold” rating in a report on Friday, March 20th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 859.

SEGRO Price Performance

The company has a market capitalization of £11.62 billion, a PE ratio of 21.11, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 41.02. The stock has a fifty day simple moving average of GBX 715.08 and a 200-day simple moving average of GBX 726.95.

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.