SEGRO Plc (LON:SGRO) Receives GBX 986.50 Consensus PT from Analysts

Shares of SEGRO Plc (LON:SGRO) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 986.50 ($12.84).

Several research firms have recently issued reports on SGRO. UBS Group lowered SEGRO to a “neutral” rating and decreased their target price for the stock from GBX 1,045 ($13.60) to GBX 985 ($12.82) in a research report on Tuesday, August 20th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research note on Thursday, September 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,050 ($13.67) target price on shares of SEGRO in a report on Tuesday, September 24th. Jefferies Financial Group lowered their price objective on shares of SEGRO from GBX 950 ($12.37) to GBX 930 ($12.11) and set a “hold” rating for the company in a research report on Monday, July 29th. Finally, Barclays reissued an “overweight” rating and issued a GBX 1,050 ($13.67) target price on shares of SEGRO in a research note on Monday, September 9th.

SEGRO Stock Down 2.3 %

LON:SGRO opened at GBX 767 ($9.98) on Monday. The stock’s fifty day simple moving average is GBX 851.66 and its 200-day simple moving average is GBX 881.43. The firm has a market capitalization of £10.35 billion, a P/E ratio of -3,652.38, a P/E/G 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 12-month low of GBX 753.40 ($9.81) and a 12-month high of GBX 949 ($12.35).

About SEGRO

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.