Jefferies Financial Group Lowers SEGRO (LON:SGRO) Price Target to GBX 677

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 target price trimmed by Jefferies Financial Group from GBX 693 ($9.32) to GBX 677 ($9.10) in a research note published on Tuesday morning, Marketbeat Ratings reports. The firm currently has a hold rating on the real estate investment trust's stock.

Several other brokerages have also recently commented on SGRO. Citigroup lowered their price target on SEGRO from GBX 1,102 ($14.82) to GBX 1,053 ($14.16) and set a "buy" rating for the company in a research note on Wednesday, July 30th. Shore Capital reiterated a "buy" rating on shares of SEGRO in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. restated an "overweight" rating on shares of SEGRO in a research note on Friday, August 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, SEGRO has a consensus rating of "Moderate Buy" and an average price target of GBX 930 ($12.51).

SEGRO Stock Down 2.5%

SGRO stock traded down GBX 16.20 ($0.22) during midday trading on Tuesday, reaching GBX 638.60 ($8.59). The company had a trading volume of 2,223,925 shares, compared to its average volume of 7,516,066. The company has a 50 day moving average of GBX 672.85 and a two-hundred day moving average of GBX 682.52. The company has a market capitalization of £8.58 billion, a P/E ratio of -828.36, a PEG ratio of 2.12 and a beta of 0.79. SEGRO has a 1 year low of GBX 586.85 ($7.89) and a 1 year high of GBX 913.40 ($12.28). The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10.

SEGRO (LON:SGRO - Get Free Report) last announced its quarterly earnings data 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 return on equity of 0.09% and a negative net margin of 1.36%. On average, equities research analysts expect 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.