Analysts Set SEGRO Plc (LON:SGRO) Target Price at GBX 986.50

SEGRO Plc (LON:SGRO) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 986.50 ($12.41).

Several research analysts recently weighed in on SGRO shares. Barclays restated an “overweight” rating and issued a GBX 1,050 ($13.21) price objective on shares of SEGRO in a research report on Monday, September 9th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,050 ($13.21) price target on shares of SEGRO in a research note on Tuesday, September 24th.

Insider Activity at SEGRO

In other SEGRO news, insider Marcus Sperber bought 7,240 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of GBX 691 ($8.70) per share, with a total value of £50,028.40 ($62,952.56). 0.33% of the stock is currently owned by corporate insiders.

SEGRO Trading Down 0.7 %

Shares of SEGRO stock opened at GBX 693 ($8.72) on Tuesday. The stock has a market capitalization of £9.36 billion, a P/E ratio of -3,300.00, a P/E/G ratio of 2.12 and a beta of 0.79. SEGRO has a 52-week low of GBX 679.20 ($8.55) and a 52-week high of GBX 949 ($11.94). The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. The stock’s 50-day simple moving average is GBX 765.63 and its 200 day simple moving average is GBX 849.91.

About SEGRO

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