SEGRO (LON:SGRO) Sets New 52-Week Low – Here’s Why

SEGRO Plc (LON:SGRO) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 759 ($9.77) and last traded at GBX 759 ($9.77), with a volume of 16660998 shares trading hands. The stock had previously closed at GBX 776.80 ($10.00).

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,050 ($13.51) price target on shares of SEGRO in a research report on Tuesday, September 24th. UBS Group downgraded shares of SEGRO to a “neutral” rating and dropped their target price for the stock from GBX 1,045 ($13.45) to GBX 985 ($12.68) in a report on Tuesday, August 20th. Shore Capital restated a “buy” rating on shares of SEGRO in a report on Thursday, September 26th. Barclays reiterated an “overweight” rating and set a GBX 1,050 ($13.51) target price on shares of SEGRO in a research report on Monday, September 9th. Finally, Jefferies Financial Group decreased their target price on shares of SEGRO from GBX 950 ($12.22) to GBX 930 ($11.97) and set a “hold” rating on the stock in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SEGRO presently has a consensus rating of “Moderate Buy” and an average price target of GBX 986.50 ($12.69).

SEGRO Stock Performance

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 capitalization of £10.39 billion, a P/E ratio of -3,659.51, a P/E/G ratio of 2.12 and a beta of 0.79. The stock’s 50 day moving average is GBX 841.21 and its two-hundred day moving average is GBX 878.95.

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.