SEGRO (LON:SGRO) Earns "Buy" Rating from Shore Capital

Key Points

• SEGRO received a "buy" rating from Shore Capital, reinforcing positive outlooks from other analysts who have rated the stock as an overall "Moderate Buy."
• Current price objectives for SEGRO range from GBX 885 ($11.73) by JPMorgan Chase to a consensus target of GBX 993.25 ($13.17), reflecting a mix of optimism and cautious forecasts.
• Despite a recent earnings report showing a negative net margin and return on equity, SEGRO is projected to have earnings per share of approximately 37.41 for the current year.

Shore Capital restated their buy rating on shares of SEGRO (LON:SGRO - Free Report) in a research note published on Thursday morning, MarketBeat reports.

Several other equities analysts also recently weighed in on SGRO. Citigroup cut their target price on SEGRO from GBX 1,102 ($14.63) to GBX 1,053 ($13.98) and set a "buy" rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 885 ($11.75) target price on shares of SEGRO in a research report on Monday, July 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 993.25 ($13.19).

SEGRO Price Performance

LON:SGRO traded up GBX 12.60 ($0.17) during trading hours on Thursday, reaching GBX 643.20 ($8.54). The stock had a trading volume of 2,672,395 shares, compared to its average volume of 7,583,447. The stock has a market capitalization of £8.64 billion, a PE ratio of -834.32, a PEG ratio of 2.12 and a beta of 0.79. 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 company has a 50 day moving average price of GBX 674.88 and a two-hundred day moving average price of GBX 683.99. SEGRO has a 52 week low of GBX 586.85 ($7.79) and a 52 week high of GBX 913.40 ($12.13).

SEGRO (LON:SGRO - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported GBX 18.10 ($0.24) earnings per share for the quarter. SEGRO had a negative return on equity of 0.09% and a negative net margin of 1.36%. As a group, sell-side analysts anticipate that SEGRO will post 37.4077408 earnings per share for the current fiscal year.

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.