SEGRO Plc (LON:SGRO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of SEGRO Plc (LON:SGRO) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 986.50 ($12.52).

A number of equities research analysts recently commented on the company. UBS Group downgraded SEGRO to a “neutral” rating and decreased their target price for the stock from GBX 1,045 ($13.26) to GBX 985 ($12.50) in a report on Tuesday, August 20th. Barclays reaffirmed an “overweight” rating and issued a GBX 1,050 ($13.33) price objective on shares of SEGRO in a report on Monday, September 9th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,050 ($13.33) target price on shares of SEGRO in a report on Tuesday, September 24th. Finally, Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a report on Thursday, September 26th.

SEGRO Stock Down 1.0 %

SEGRO stock opened at GBX 780.40 ($9.91) on Friday. The business’s 50-day simple moving average is GBX 820.97 and its two-hundred day simple moving average is GBX 873.56. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. The company has a market cap of £10.54 billion, a PE ratio of -3,716.19, a PEG ratio of 2.12 and a beta of 0.79. SEGRO has a fifty-two week low of GBX 739 ($9.38) and a fifty-two week high of GBX 949 ($12.05).

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.