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

SEGRO Plc (LON:SGRO) shares reached a new 52-week high on Monday . The stock traded as high as GBX 815.20 and last traded at GBX 812.40, with a volume of 48609234 shares changing hands. The stock had previously closed at GBX 814.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SGRO. Jefferies Financial Group increased their price objective on shares of SEGRO from GBX 677 to GBX 700 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Berenberg Bank boosted their price objective on SEGRO from GBX 1,056 to GBX 1,067 and gave the company a “buy” rating in a report on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 897.

SEGRO Price Performance

The stock has a market capitalization of £11.07 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The business has a fifty day simple moving average of GBX 746.65 and a 200 day simple moving average of GBX 697.43. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10.

SEGRO (LON:SGRO) last posted its earnings results on Monday, February 23rd. The real estate investment trust reported GBX 36.60 earnings per share for the quarter. SEGRO had a negative return on equity of 0.09% and a negative net margin of 1.36%. On average, analysts expect that SEGRO Plc will post 37.4077408 earnings per share for the current year.

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.