SEGRO (LON:SGRO) Earns Overweight Rating from JPMorgan Chase & Co.

SEGRO (LON:SGRO)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a report issued on Monday, Digital Look reports. They currently have a GBX 1,050 ($13.73) target price on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.11% from the company’s current price.

SGRO has been the topic of several other reports. UBS Group lowered SEGRO to a “neutral” rating and reduced their price target for the stock from GBX 1,045 ($13.67) to GBX 985 ($12.88) in a research report on Tuesday, August 20th. Jefferies Financial Group decreased their target price on shares of SEGRO from GBX 950 ($12.42) to GBX 930 ($12.16) and set a “hold” rating on the stock in a research note on Monday, July 29th. Shore Capital reissued a “buy” rating on shares of SEGRO in a research report on Wednesday, September 4th. Finally, Barclays restated an “overweight” rating and issued a GBX 1,050 ($13.73) price objective on shares of SEGRO in a research report on Monday, September 9th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, SEGRO presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 986.50 ($12.90).

SEGRO Price Performance

LON SGRO traded down GBX 5.68 ($0.07) during trading on Monday, reaching GBX 904.32 ($11.83). The company’s stock had a trading volume of 1,253,992 shares, compared to its average volume of 4,075,011. SEGRO has a one year low of GBX 675 ($8.83) and a one year high of GBX 949 ($12.41). 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 stock has a market capitalization of £12.21 billion, a PE ratio of -4,306.29, a P/E/G ratio of 2.12 and a beta of 0.79. The firm has a fifty day moving average of GBX 899.38 and a 200 day moving average of GBX 889.96.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.