SEGRO (LON:SGRO) Given New GBX 677 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group has lowered the price target for SEGRO from GBX 693 to GBX 677, maintaining a "hold" rating on the stock.
• SEGRO's current consensus rating is "Moderate Buy," with an average target price of GBX 930, reflecting mixed analyst sentiments and a range of ratings among firms.
• As of the latest report, shares of SEGRO opened at GBX 650.20, representing a slight increase of 1.1% on the day.

SEGRO (LON:SGRO - Free Report) had its price objective lowered by Jefferies Financial Group from GBX 693 ($9.32) to GBX 677 ($9.11) in a report published on Tuesday morning, Marketbeat.com reports. Jefferies Financial Group currently has a hold rating on the real estate investment trust's stock.

A number of other equities analysts have also recently issued reports on SGRO. Citigroup cut their target price on shares of SEGRO from GBX 1,102 ($14.82) to GBX 1,053 ($14.16) and set a "buy" rating on the stock in a report on Wednesday, July 30th. Shore Capital reissued a "buy" rating on shares of SEGRO in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of SEGRO in a report on Friday, August 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 930 ($12.51).

SEGRO Stock Up 0.8%

Shares of SGRO stock traded up GBX 4.80 ($0.06) during trading hours on Tuesday, hitting GBX 643.40 ($8.65). 1,949,628 shares of the company were exchanged, compared to its average volume of 7,479,684. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. SEGRO has a one year low of GBX 586.85 ($7.89) and a one year high of GBX 913.40 ($12.29). The business's 50-day simple moving average is GBX 671.77 and its two-hundred day simple moving average is GBX 682.09. The stock has a market capitalization of £8.65 billion, a price-to-earnings ratio of -834.58, a P/E/G ratio of 2.12 and a beta of 0.79.

SEGRO (LON:SGRO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported GBX 18.10 ($0.24) EPS for the quarter. SEGRO had a negative net margin of 1.36% and a negative return on equity of 0.09%. Sell-side analysts predict that SEGRO will post 37.4077408 EPS 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.