SEGRO (LON:SGROGet Rating) had its price target cut by Barclays from GBX 1,290 ($15.59) to GBX 985 ($11.90) in a research note issued on Friday, reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 24.59% from the company’s previous close.

Several other research analysts have also issued reports on SGRO. Berenberg Bank dropped their target price on SEGRO from GBX 1,560 ($18.85) to GBX 1,260 ($15.22) and set a “buy” rating for the company in a research report on Wednesday, August 31st. Citigroup restated a “buy” rating and set a GBX 1,388 ($16.77) price objective on shares of SEGRO in a report on Monday, August 8th. Finally, Shore Capital upgraded SEGRO to a “hold” rating in a research note on Friday, September 2nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, SEGRO currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,304.78 ($15.77).

SEGRO Price Performance

SGRO stock opened at GBX 790.60 ($9.55) on Friday. The stock has a market cap of £9.56 billion and a PE ratio of 234.22. SEGRO has a 12 month low of GBX 790.60 ($9.55) and a 12 month high of GBX 1,508 ($18.22). The company has a 50-day moving average price of GBX 992.49 and a 200 day moving average price of GBX 1,114.15. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 28.49.

Insider Buying and Selling at SEGRO

In related news, insider Andy Harrison bought 22,271 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were bought at an average price of GBX 892 ($10.78) per share, for a total transaction of £198,657.32 ($240,040.26).


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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 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors.

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Analyst Recommendations for SEGRO (LON:SGRO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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