Shore Capital Reaffirms Buy Rating for SEGRO (LON:SGRO)

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

Several other research analysts have also recently issued reports on the stock. Citigroup lowered their target price 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 report on Wednesday. JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 885 ($11.75) target price on shares of SEGRO in a report on Monday, July 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, SEGRO currently has a consensus rating of "Moderate Buy" and an average price target of GBX 993.25 ($13.18).

SEGRO Stock Down 2.6%

Shares of SEGRO stock traded down GBX 16.80 ($0.22) during trading hours on Thursday, hitting GBX 630.60 ($8.37). The company had a trading volume of 6,285,462 shares, compared to its average volume of 7,616,630. The company's 50-day moving average is GBX 674.88 and its two-hundred day moving average is GBX 684.29. SEGRO has a twelve month low of GBX 586.85 ($7.79) and a twelve month high of GBX 944 ($12.53). 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 company has a market cap of £8.47 billion, a P/E ratio of -817.98, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79.

SEGRO (LON:SGRO - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported GBX 18.10 ($0.24) 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%. Analysts anticipate that SEGRO will post 37.4077408 earnings per share 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.