SEGRO (LON:SGRO) Posts Earnings Results

Key Points

• SEGRO reported a quarterly earnings per share (EPS) of GBX 18.10 ($0.24), with a negative net margin of 1.36% and a return on equity of -0.09%.
• Analysts have given SEGRO an average rating of "Moderate Buy" with a target price of GBX 993.25 ($13.12), reflecting varying sentiments among research firms.
• The stock opened at GBX 634 ($8.38), displaying a significant range within the last year, reaching a low of GBX 586.85 ($7.75) and a high of GBX 944 ($12.47).

SEGRO (LON:SGRO - Get Free Report) issued its earnings results on Thursday. The real estate investment trust reported GBX 18.10 ($0.24) EPS for the quarter, Digital Look Earnings reports. SEGRO had a negative return on equity of 0.09% and a negative net margin of 1.36%.

SEGRO Price Performance

Shares of LON SGRO traded down GBX 16.80 ($0.22) on Friday, hitting GBX 630.60 ($8.37). The company's stock had a trading volume of 6,285,462 shares, compared to its average volume of 7,616,630. SEGRO has a 12-month low of GBX 586.85 ($7.79) and a 12-month high of GBX 944 ($12.53). The company has a market capitalization of £8.47 billion, a price-to-earnings ratio of -817.98, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62. The stock has a 50 day moving average of GBX 674.88 and a 200-day moving average of GBX 684.14.

Analyst Ratings Changes

SGRO has been the subject of several research analyst reports. Citigroup reduced their price target on shares of SEGRO from GBX 1,102 ($14.63) to GBX 1,053 ($13.98) and set a "buy" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. restated an "overweight" rating on shares of SEGRO in a research report on Friday. Finally, Shore Capital restated a "buy" rating on shares of SEGRO in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, SEGRO currently has an average rating of "Moderate Buy" and a consensus target price of GBX 993.25 ($13.19).

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.