Shore Capital Reiterates “Buy” Rating for SEGRO (LON:SGRO)

SEGRO (LON:SGRO)‘s stock had its “buy” rating reiterated by Shore Capital in a research report issued on Wednesday, Marketbeat reports.

A number of other brokerages have also issued reports on SGRO. Jefferies Financial Group decreased their target price on SEGRO from GBX 950 ($12.49) to GBX 930 ($12.23) and set a “hold” rating on the stock in a research report on Monday, July 29th. UBS Group lowered shares of SEGRO to a “neutral” rating and dropped their target price for the company from GBX 1,045 ($13.74) to GBX 985 ($12.95) in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of SEGRO from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 973.80 ($12.80).

SEGRO Stock Performance

LON SGRO opened at GBX 870 ($11.44) on Wednesday. The stock has a market capitalization of £11.75 billion, a price-to-earnings ratio of -4,142.86, a PEG ratio of 2.12 and a beta of 0.79. The stock has a 50-day moving average of GBX 900.22 and a 200 day moving average of GBX 888.82. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10. SEGRO has a twelve month low of GBX 675 ($8.88) and a twelve month high of GBX 949 ($12.48).

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.