SEGRO (LON:SGRO) Reaches New 52-Week High – Time to Buy?

SEGRO Plc (LON:SGRO)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 756 and last traded at GBX 756, with a volume of 7011378 shares. The stock had previously closed at GBX 730.

Analysts Set New Price Targets

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

SEGRO Stock Performance

The company’s fifty day simple moving average is GBX 712.38 and its 200 day simple moving average is GBX 677.99. The stock has a market capitalization of £10.17 billion, a P/E ratio of 16.35, a P/E/G 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.

About SEGRO

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.