SEGRO (LON:SGRO) Hits New 12-Month Low - What's Next?

SEGRO Plc (LON:SGRO - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 707.40 ($8.97) and last traded at GBX 707.60 ($8.98), with a volume of 2454676 shares traded. The stock had previously closed at GBX 715.46 ($9.08).

Wall Street Analysts Forecast Growth

SGRO has been the subject of several research reports. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 1,050 ($13.32) price objective on shares of SEGRO in a research report on Tuesday, September 24th. Shore Capital restated a "buy" rating on shares of SEGRO in a research report on Thursday, September 26th. Barclays reaffirmed an "overweight" rating and set a GBX 1,050 ($13.32) target price on shares of SEGRO in a research report on Monday, September 9th. Finally, UBS Group cut shares of SEGRO to a "neutral" rating and cut their price target for the company from GBX 1,045 ($13.26) to GBX 985 ($12.50) in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 986.50 ($12.52).

SEGRO Stock Down 0.6 %

The company has a market cap of £9.60 billion, a PE ratio of -3,373.33, a P/E/G ratio of 2.12 and a beta of 0.79. The business has a 50-day simple moving average of GBX 796.51 and a 200-day simple moving average of GBX 864.22. The company has a quick ratio of 0.62, a current ratio of 1.30 and a debt-to-equity ratio of 42.10.

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.