SEGRO's (SGRO) "Buy" Rating Reaffirmed at Jefferies Financial Group

SEGRO (LON:SGRO - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 1,042 ($12.97) price objective on the real estate investment trust's stock. Jefferies Financial Group's target price would suggest a potential upside of 23.99% from the company's current price.

Several other equities analysts have also recently commented on the company. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of SEGRO in a research note on Wednesday, April 10th. HSBC raised SEGRO to a "buy" rating and set a GBX 964 ($12.00) target price on the stock in a research report on Thursday, March 21st. Barclays raised SEGRO to an "overweight" rating in a research report on Wednesday, April 3rd. Shore Capital reaffirmed a "buy" rating on shares of SEGRO in a research report on Thursday, April 11th. Finally, Berenberg Bank increased their price target on SEGRO from GBX 863 ($10.74) to GBX 940 ($11.70) and gave the stock a "hold" rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, SEGRO has a consensus rating of "Moderate Buy" and an average price target of GBX 982 ($12.22).

SEGRO Stock Up 1.5 %

LON SGRO traded up GBX 12.80 ($0.16) on Thursday, reaching GBX 840.40 ($10.46). The company had a trading volume of 3,146,309 shares, compared to its average volume of 2,862,708. The firm has a market capitalization of £11.26 billion, a PE ratio of -4,001.90, a P/E/G ratio of 2.12 and a beta of 0.73. SEGRO has a 1 year low of GBX 675 ($8.40) and a 1 year high of GBX 913 ($11.37). The firm has a 50-day moving average of GBX 865.45 and a 200-day moving average of GBX 829.65. 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 Activity at SEGRO

In related news, insider Carol Fairweather purchased 8,000 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The stock was acquired at an average price of GBX 878 ($10.93) per share, for a total transaction of £70,240 ($87,439.31). 0.26% of the stock is currently 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.