SEGRO (LON:SGRO) Reaches New 1-Year High – What’s Next?

SEGRO Plc (LON:SGRO)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 770 and last traded at GBX 769.68, with a volume of 3729189 shares. The stock had previously closed at GBX 762.

Wall Street Analysts Forecast Growth

SGRO has been the topic of several research reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a research note on Thursday, October 9th. Shore Capital restated a “buy” rating on shares of SEGRO in a research note on Tuesday, October 21st. Berenberg Bank lifted their target price on SEGRO from GBX 1,056 to GBX 1,067 and gave the stock a “buy” rating in a report on Monday, January 26th. UBS Group reissued a “buy” rating and set a GBX 780 price target on shares of SEGRO in a research report on Friday, October 17th. Finally, Jefferies Financial Group lifted their price objective on shares of SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 897.

SEGRO Stock Performance

The company has a market capitalization of £10.48 billion, a PE ratio of 16.83, a PEG ratio of 2.12 and a beta of 0.79. The firm has a 50-day moving average of GBX 721.15 and a two-hundred day moving average of GBX 683.01. The company has a quick ratio of 0.62, a current ratio of 1.30 and a debt-to-equity ratio of 42.10.

About SEGRO

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.