SEGRO (LON:SGRO) Sets New 1-Year High – Here’s Why

SEGRO Plc (LON:SGRO)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 799 and last traded at GBX 784.20, with a volume of 1662070 shares changing hands. The stock had previously closed at GBX 794.20.

Wall Street Analyst Weigh In

SGRO has been the subject of several recent research reports. Jefferies Financial Group lifted their price target on SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Berenberg Bank raised their target price on SEGRO from GBX 1,056 to GBX 1,067 and gave the stock a “buy” rating in a research note on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 897.

SEGRO Price Performance

The stock has a market capitalization of £10.74 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The business’s 50-day moving average price is GBX 736.92 and its 200 day moving average price is GBX 692.49. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing, industrial property and data centres across the UK and seven other European countries.