SEGRO (LON:SGRO) Hits New 1-Year Low – Here’s What Happened

SEGRO Plc (LON:SGRO) hit a new 52-week low on Wednesday . The stock traded as low as GBX 677.80 ($8.34) and last traded at GBX 677.80 ($8.34), with a volume of 7729973 shares trading hands. The stock had previously closed at GBX 682.80 ($8.40).

Wall Street Analyst Weigh In

A number of brokerages have commented on SGRO. Shore Capital reissued a “buy” rating on shares of SEGRO in a report on Thursday, September 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,050 ($12.92) target price on shares of SEGRO in a research report on Tuesday, September 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 986.50 ($12.14).

SEGRO Stock Performance

The company’s 50-day simple moving average is GBX 740.72 and its 200 day simple moving average is GBX 836.09. The stock has a market cap of £9.00 billion, a P/E ratio of -3,175.24, a PEG ratio of 2.12 and a beta of 0.79. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10.

Insider Activity at SEGRO

In related news, insider Marcus Sperber bought 7,240 shares of SEGRO stock in a transaction dated Friday, December 20th. The stock was purchased at an average cost of GBX 691 ($8.50) per share, with a total value of £50,028.40 ($61,558.26). 0.33% of the stock is currently owned by company insiders.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing and industrial property.