SEGRO's (SGRO) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• SEGRO's stock has been reaffirmed with an "overweight" rating by analysts at JPMorgan Chase & Co., indicating positive sentiment in the market.
• Citigroup recently lowered its price target for SEGRO from GBX 1,102 to GBX 1,053 while maintaining a "buy" rating.
• As of Friday, SEGRO's stock is trading at GBX 634, which is down 2.1% from its previous standing.

SEGRO (LON:SGRO - Get Free Report)'s stock had its "overweight" rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, Marketbeat.com reports.

Several other analysts also recently commented on SGRO. Citigroup lowered their price objective on SEGRO from GBX 1,102 ($14.56) to GBX 1,053 ($13.91) and set a "buy" rating for the company in a research note on Wednesday. Shore Capital reissued a "buy" rating on shares of SEGRO in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 993.25 ($13.12).

SEGRO Stock Down 2.1%

SGRO stock opened at GBX 634 ($8.38) on Friday. The stock's 50 day simple moving average is GBX 675.36 and its 200 day simple moving average is GBX 684.64. SEGRO has a fifty-two week low of GBX 586.85 ($7.75) and a fifty-two week high of GBX 944 ($12.47). 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 market cap of £8.52 billion, a P/E ratio of -822.39, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79.

SEGRO (LON:SGRO - Get Free Report) last posted its quarterly 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%. On average, 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.

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