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

Key Points

• Shore Capital has reiterated a "buy" rating for SEGRO (LON:SGRO), while other analysts, including Jefferies, Citigroup, and JPMorgan, have provided mixed ratings, impacting the stock's target price.
• SEGRO's stock has seen recent trading growth of 3.3%, with its current price around GBX 695, benefitting from a market cap of £9.40 billion.
• The company has reported a negative net margin of 1.36% and anticipates an earnings per share (EPS) of approximately 37.41 for the current year.

SEGRO (LON:SGRO - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Shore Capital in a report released on Tuesday,Digital Look reports.

Several other equities research analysts also recently issued reports on SGRO. Jefferies Financial Group cut their price objective on shares of SEGRO from GBX 693 to GBX 677 and set a "hold" rating for the company in a research report on Tuesday, August 5th. JPMorgan Chase & Co. restated an "overweight" rating on shares of SEGRO in a research note on Thursday, October 9th. Citigroup lowered their price objective on SEGRO from GBX 1,102 to GBX 1,053 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Finally, UBS Group reissued a "buy" rating and issued a GBX 780 target price on shares of SEGRO in a research report on Friday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 848.75.

SEGRO Trading Up 3.3%

SGRO stock opened at GBX 695 on Tuesday. 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 fifty day moving average price of GBX 641.30 and a two-hundred day moving average price of GBX 659.82. SEGRO has a one year low of GBX 586.85 and a one year high of GBX 842. The stock has a market cap of £9.40 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79.

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