SEGRO (LON:SGRO) Reaches New 52-Week Low – Time to Sell?

SEGRO Plc (LON:SGRO) reached a new 52-week low on Tuesday . The company traded as low as GBX 753.17 ($9.53) and last traded at GBX 754.20 ($9.54), with a volume of 6482120 shares. The stock had previously closed at GBX 757 ($9.58).

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Shore Capital reissued a “buy” rating on shares of SEGRO in a research report on Thursday, September 26th. Jefferies Financial Group reduced their price target on SEGRO from GBX 950 ($12.02) to GBX 930 ($11.77) and set a “hold” rating on the stock in a research note on Monday, July 29th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,050 ($13.29) target price on shares of SEGRO in a research report on Tuesday, September 24th. Barclays reissued an “overweight” rating and issued a GBX 1,050 ($13.29) price target on shares of SEGRO in a research note on Monday, September 9th. Finally, UBS Group downgraded shares of SEGRO to a “neutral” rating and dropped their price objective for the company from GBX 1,045 ($13.22) to GBX 985 ($12.46) in a research note on Tuesday, August 20th. Three equities research analysts have 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 an average rating of “Moderate Buy” and a consensus target price of GBX 986.50 ($12.48).

SEGRO Trading Down 0.5 %

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 capitalization of £10.01 billion, a PE ratio of -3,555.24, a P/E/G ratio of 2.12 and a beta of 0.79. The business has a fifty day moving average price of GBX 836.40 and a 200 day moving average price of GBX 877.50.

About SEGRO

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.