Shore Capital Reaffirms Buy Rating for SEGRO (LON:SGRO)

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

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. upped their price objective on SEGRO from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Jefferies Financial Group reduced their price target 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. Finally, UBS Group cut SEGRO to a “neutral” rating and decreased their price objective for the company from GBX 1,045 ($13.74) to GBX 985 ($12.95) in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, SEGRO has an average rating of “Moderate Buy” and a consensus target price of GBX 973.80 ($12.80).

SEGRO Trading Up 0.1 %

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

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.