SEGRO (LON:SGRO) Hits New 1-Year High – What’s Next?

SEGRO Plc (LON:SGRO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 739.60 and last traded at GBX 739, with a volume of 9175032 shares trading hands. The stock had previously closed at GBX 719.20.

Wall Street Analyst Weigh In

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

SEGRO Price Performance

The stock’s 50-day moving average is GBX 707.25 and its two-hundred day moving average is GBX 673.03. The company has a market capitalization of £10.06 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10.

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.