SEGRO (LON:SGRO) Hits New 12-Month High – Should You Buy?

Shares of SEGRO Plc (LON:SGRO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 997.40 and last traded at GBX 997.40, with a volume of 7834703 shares changing hands. The stock had previously closed at GBX 982.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SGRO. Berenberg Bank reissued a “buy” rating and set a GBX 995 target price on shares of SEGRO in a research note on Thursday. Jefferies Financial Group lifted their target price on shares of SEGRO from GBX 855 to GBX 917 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Finally, Citigroup restated a “buy” rating and issued a £104.30 price objective on shares of SEGRO in a research report on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,241.

SEGRO Price Performance

The stock has a market cap of £13.18 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56. The business’s fifty day simple moving average is GBX 820.36 and its 200 day simple moving average is GBX 763.23.

SEGRO (LON:SGRO) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 19.30 EPS for the quarter. SEGRO had a net margin of 77.66% and a return on equity of 3.51%. Research analysts predict that SEGRO Plc will post 37.4077408 EPS for the current fiscal year.

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.