SEGRO (LON:SGRO) Sets New 12-Month High – Still a Buy?

SEGRO Plc (LON:SGRO)’s stock price reached a new 52-week high on Friday . The company traded as high as GBX 894.20 and last traded at GBX 888.60, with a volume of 22190041 shares trading hands. The stock had previously closed at GBX 884.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Citigroup restated a “buy” rating and issued a £104.30 price objective on shares of SEGRO in a report on Friday, June 26th. Berenberg Bank reiterated a “buy” rating and set a GBX 915 target price on shares of SEGRO in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft lifted their target price on SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a report on Friday, March 20th. Finally, Jefferies Financial Group upped their price target on SEGRO from GBX 855 to GBX 917 and gave the company a “hold” rating in a report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, SEGRO currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,229.57.

SEGRO Price Performance

The company has a debt-to-equity ratio of 41.02, a current ratio of 0.56 and a quick ratio of 0.62. The business’s 50 day moving average price is GBX 771.79 and its 200 day moving average price is GBX 747.94. The stock has a market capitalization of £12.14 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14.

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.