SEGRO Plc (LON:SGRO) Given Average Recommendation of “Buy” by Analysts

SEGRO Plc (LON:SGRO) has received an average recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 897.

Several brokerages have weighed in on SGRO. Jefferies Financial Group lifted their price objective on shares of SEGRO from GBX 677 to GBX 700 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Berenberg Bank lifted their price target on shares of SEGRO from GBX 1,056 to GBX 1,067 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SEGRO in a research note on Thursday, October 9th. Shore Capital restated a “buy” rating on shares of SEGRO in a research note on Tuesday, October 21st. Finally, 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.

SEGRO Stock Performance

Shares of SEGRO stock traded down GBX 1.58 on Tuesday, hitting GBX 750.42. The stock had a trading volume of 2,135,361 shares, compared to its average volume of 23,134,424. The stock has a market cap of £10.15 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The company has a quick ratio of 0.62, a current ratio of 1.30 and a debt-to-equity ratio of 42.10. SEGRO has a twelve month low of GBX 586.85 and a twelve month high of GBX 756.40. The business’s 50 day moving average is GBX 713.36 and its two-hundred day moving average is GBX 678.62.

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.