JPMorgan Chase & Co. Reaffirms Overweight Rating for SEGRO (LON:SGRO)

Key Points

• JPMorgan Chase & Co. has reiterated an "overweight" rating for SEGRO, indicating a positive outlook on the company's stock performance.
• SEGRO is currently rated as a "Moderate Buy" by analysts, with an average price target set at GBX 871.67, showing some variance in price estimates among firms.
• The company's recent quarterly earnings reported an EPS of GBX 18.10, with analysts forecasting EPS of approximately 37.41 for the current fiscal year.

SEGRO (LON:SGRO - Get Free Report)'s stock had its "overweight" rating reiterated by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, MarketBeat Ratings reports.

Other equities research analysts have also recently issued reports about the stock. Citigroup decreased their price objective on shares of SEGRO from GBX 1,102 to GBX 1,053 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Jefferies Financial Group cut their price target on shares of SEGRO from GBX 693 to GBX 677 and set a "hold" rating on the stock in a research note on Tuesday, August 5th. Finally, Shore Capital reiterated a "buy" rating on shares of SEGRO in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, SEGRO presently has a consensus rating of "Moderate Buy" and an average price target of GBX 871.67.

SEGRO Price Performance

SEGRO stock opened at GBX 650.16 on Thursday. The stock has a market cap of £8.79 billion, a P/E ratio of 1,413.39, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The company has a fifty day simple moving average of GBX 638.14 and a 200-day simple moving average of GBX 661.86. SEGRO has a 12-month low of GBX 586.85 and a 12-month high of GBX 858. 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 - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported GBX 18.10 earnings per share (EPS) for the quarter. SEGRO had a negative net margin of 1.36% and a negative return on equity of 0.09%. Equities analysts expect that SEGRO will post 37.4077408 EPS for the current fiscal year.

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.

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