SEGRO's (SGRO) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

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

A number of other brokerages have also recently weighed in on SGRO. Barclays upgraded shares of SEGRO to an "overweight" rating in a report on Wednesday, April 3rd. Shore Capital reiterated a "buy" rating on shares of SEGRO in a research report on Wednesday, February 28th. Berenberg Bank upped their price objective on shares of SEGRO from GBX 863 ($10.92) to GBX 940 ($11.90) and gave the company a "hold" rating in a research note on Thursday, February 22nd. Finally, HSBC raised shares of SEGRO to a "buy" rating and set a GBX 964 ($12.20) target price on the stock in a research report on Thursday, March 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, SEGRO currently has an average rating of "Moderate Buy" and an average price target of GBX 952 ($12.05).

SEGRO Stock Performance

Shares of SGRO traded down GBX 12.20 ($0.15) during trading hours on Wednesday, reaching GBX 861.40 ($10.90). 2,966,756 shares of the company's stock traded hands, compared to its average volume of 2,867,723. The firm has a market capitalization of £11.54 billion, a price-to-earnings ratio of -4,101.90, a P/E/G ratio of 2.12 and a beta of 0.73. The business's fifty day simple moving average is GBX 866.27 and its two-hundred day simple moving average is GBX 825.08. SEGRO has a twelve month low of GBX 675 ($8.54) and a twelve month high of GBX 913 ($11.56). The company has a debt-to-equity ratio of 50.61, a current ratio of 0.88 and a quick ratio of 0.62.

Insider Buying and Selling

In related news, insider Carol Fairweather purchased 8,000 shares of the stock in a transaction on Thursday, March 7th. The shares were purchased at an average cost of GBX 878 ($11.11) per share, for a total transaction of £70,240 ($88,900.14). 0.26% of the stock is owned by corporate insiders.

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.