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

Shares of SEGRO Plc (LON:SGRO) reached a new 52-week low on Monday . The company traded as low as GBX 707.40 ($8.93) and last traded at GBX 707.60 ($8.93), with a volume of 2454676 shares changing hands. The stock had previously closed at GBX 715.46 ($9.03).

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Shore Capital restated a “buy” rating on shares of SEGRO in a research report on Thursday, September 26th. UBS Group downgraded SEGRO to a “neutral” rating and decreased their price objective for the company from GBX 1,045 ($13.19) to GBX 985 ($12.44) in a research report on Tuesday, August 20th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,050 ($13.26) price objective on shares of SEGRO in a research note on Tuesday, September 24th. Finally, Barclays reissued an “overweight” rating and set a GBX 1,050 ($13.26) target price on shares of SEGRO in a research report on Monday, September 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, SEGRO has an average rating of “Moderate Buy” and a consensus target price of GBX 986.50 ($12.46).

SEGRO Stock Performance

The business has a 50 day simple moving average of GBX 796.51 and a two-hundred day simple moving average of GBX 864.22. The company has a quick ratio of 0.62, a current ratio of 1.30 and a debt-to-equity ratio of 42.10. The firm has a market cap of £9.56 billion, a PE ratio of -3,406.94, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.