SEGRO (LON:SGRO) Price Target Raised to GBX 880 at JPMorgan Chase & Co.
SEGRO (LON:SGRO) had its price target boosted by JPMorgan Chase & Co. from GBX 855 ($10.52) to GBX 880 ($10.83) in a report released on Friday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.
Several other equities research analysts have also recently weighed in on the company. Jefferies Financial Group raised SEGRO to a buy rating and reduced their price objective for the company from GBX 978 ($12.04) to GBX 878 ($10.80) in a research report on Thursday, April 2nd. UBS Group reissued a neutral rating on shares of SEGRO in a research report on Wednesday, June 10th. Peel Hunt reissued a reduce rating on shares of SEGRO in a research report on Monday, June 22nd. Citigroup reissued a buy rating on shares of SEGRO in a research report on Thursday, June 18th. Finally, Royal Bank of Canada reduced their target price on SEGRO from GBX 750 ($9.23) to GBX 675 ($8.31) and set an underperform rating for the company in a research report on Monday, May 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 869.64 ($10.70).
SGRO opened at GBX 892.60 ($10.98) on Friday. SEGRO has a 1-year low of GBX 641.80 ($7.90) and a 1-year high of GBX 945.16 ($11.63). The company has a current ratio of 1.01, a quick ratio of 0.85 and a debt-to-equity ratio of 26.33. The stock has a market capitalization of $10.63 billion and a price-to-earnings ratio of 11.35. The business has a 50 day moving average of GBX 854.07 and a 200-day moving average of GBX 848.92.
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.
Read More: Trading on Margin
Receive News & Ratings for SEGRO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEGRO and related companies with MarketBeat.com's FREE daily email newsletter.