Deutsche Bank Lowers SEGRO (LON:SGRO) to Hold
Deutsche Bank downgraded shares of SEGRO (LON:SGRO) to a hold rating in a research report sent to investors on Monday morning, Stock Target Advisor reports. Deutsche Bank currently has GBX 810 ($10.66) price objective on the real estate investment trust’s stock, down from their prior price objective of GBX 830 ($10.92).
Several other equities research analysts also recently commented on SGRO. JPMorgan Chase & Co. raised their target price on SEGRO from GBX 775 ($10.19) to GBX 855 ($11.25) and gave the company a neutral rating in a report on Thursday, January 16th. Royal Bank of Canada raised their target price on SEGRO from GBX 725 ($9.54) to GBX 750 ($9.87) and gave the company an underperform rating in a report on Monday, December 16th. Bank of America raised their price objective on SEGRO from GBX 950 ($12.50) to GBX 990 ($13.02) and gave the company a buy rating in a research note on Wednesday, January 15th. UBS Group restated a neutral rating on shares of SEGRO in a research note on Friday, February 7th. Finally, Morgan Stanley restated an overweight rating and set a GBX 870 ($11.44) price objective on shares of SEGRO in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. SEGRO presently has a consensus rating of Hold and a consensus target price of GBX 870.57 ($11.45).
Shares of LON:SGRO opened at GBX 923.20 ($12.14) on Monday. The company has a market cap of $10.12 billion and a P/E ratio of 10.71. The company has a debt-to-equity ratio of 28.31, a quick ratio of 0.93 and a current ratio of 0.96. SEGRO has a one year low of GBX 634.40 ($8.35) and a one year high of GBX 926 ($12.18). The business’s 50-day simple moving average is GBX 901.59 and its 200 day simple moving average is GBX 839.65.
In related news, insider Susan (Sue) Clayton acquired 7,000 shares of SEGRO stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of GBX 860 ($11.31) per share, for a total transaction of £60,200 ($79,189.69).
SEGRO Company Profile
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.
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