SEGRO (LON:SGRO) Sets New 12-Month Low – Should You Sell?

SEGRO Plc (LON:SGRO)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 753.17 ($9.55) and last traded at GBX 754.20 ($9.56), with a volume of 6482120 shares changing hands. The stock had previously closed at GBX 757 ($9.60).

Analysts Set New Price Targets

SGRO has been the topic of a number of recent analyst reports. UBS Group downgraded shares of SEGRO to a “neutral” rating and lowered their target price for the company from GBX 1,045 ($13.25) to GBX 985 ($12.49) in a research note on Tuesday, August 20th. Jefferies Financial Group dropped their price target on SEGRO from GBX 950 ($12.04) to GBX 930 ($11.79) and set a “hold” rating for the company in a research note on Monday, July 29th. Shore Capital restated a “buy” rating on shares of SEGRO in a research report on Thursday, September 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,050 ($13.31) price objective on shares of SEGRO in a research note on Tuesday, September 24th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 1,050 ($13.31) price objective on shares of SEGRO in a research note on Monday, September 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 986.50 ($12.50).

SEGRO Stock Down 0.1 %

The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62. The firm has a market cap of £10.21 billion, a P/E ratio of -3,608.57, a P/E/G ratio of 2.12 and a beta of 0.79. The stock’s 50 day simple moving average is GBX 836.40 and its two-hundred day simple moving average is GBX 877.50.

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.