SEGRO (LON:SGRO) Given Hold Rating at Peel Hunt
Peel Hunt reissued their hold rating on shares of SEGRO (LON:SGRO) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also issued reports on SGRO. Liberum Capital reissued a buy rating on shares of SEGRO in a report on Friday, February 15th. Goldman Sachs Group dropped their price objective on shares of SEGRO from GBX 800 ($10.45) to GBX 786 ($10.27) and set a buy rating for the company in a report on Tuesday, June 4th. Royal Bank of Canada upped their target price on shares of SEGRO from GBX 625 ($8.17) to GBX 650 ($8.49) and gave the company a sector performer rating in a research report on Friday, February 22nd. HSBC upped their target price on shares of SEGRO from GBX 692 ($9.04) to GBX 705 ($9.21) and gave the company a buy rating in a research report on Thursday, February 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of SEGRO from GBX 670 ($8.75) to GBX 690 ($9.02) and gave the company an underweight rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 735.89 ($9.62).
Shares of SGRO opened at GBX 719 ($9.40) on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 34.18. SEGRO has a 12-month low of GBX 577.60 ($7.55) and a 12-month high of GBX 721.60 ($9.43). The stock has a market capitalization of $7.86 billion and a P/E ratio of 6.86.
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.
Further Reading: Margin
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