SEGRO (LON:SGRO) Hits New 12-Month Low – Time to Sell?

SEGRO Plc (LON:SGRO) reached a new 52-week low during trading on Tuesday . The company 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).

Wall Street Analysts Forecast Growth

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

SEGRO Stock Down 0.1 %

The firm’s fifty day simple moving average is GBX 836.40 and its 200 day simple moving average is GBX 877.50. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10. The company has a market cap of £10.21 billion, a price-to-earnings ratio of -3,608.57, a PEG ratio of 2.12 and a beta of 0.79.

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.