SEGRO Plc (LON:SGRO) Receives Average Recommendation of “Moderate Buy” from Analysts

SEGRO Plc (LON:SGRO) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 986.50 ($12.52).

A number of analysts have weighed in on SGRO shares. Shore Capital reiterated a “buy” rating on shares of SEGRO in a research note on Thursday, September 26th. Barclays reaffirmed an “overweight” rating and issued a GBX 1,050 ($13.33) price target on shares of SEGRO in a research note on Monday, September 9th. UBS Group cut shares of SEGRO to a “neutral” rating and lowered their price objective for the company from GBX 1,045 ($13.26) to GBX 985 ($12.50) in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,050 ($13.33) target price on shares of SEGRO in a research report on Tuesday, September 24th.

SEGRO Trading Down 1.0 %

SGRO stock opened at GBX 780.40 ($9.91) on Friday. SEGRO has a twelve month low of GBX 739 ($9.38) and a twelve month high of GBX 949 ($12.05). The stock has a market capitalization of £10.54 billion, a price-to-earnings ratio of -3,716.19, a price-to-earnings-growth 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. The firm’s fifty day simple moving average is GBX 820.97 and its two-hundred day simple moving average is GBX 873.56.

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.