SEGRO (LON:SGRO) Sets New 12-Month Low – What’s Next?

SEGRO Plc (LON:SGRO) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 677.80 ($8.46) and last traded at GBX 677.80 ($8.46), with a volume of 7729973 shares. The stock had previously closed at GBX 682.80 ($8.52).

Wall Street Analysts Forecast Growth

SGRO has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,050 ($13.10) price objective on shares of SEGRO in a research report on Tuesday, September 24th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, SEGRO currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 986.50 ($12.31).

SEGRO Stock Down 1.7 %

The company has a quick ratio of 0.62, a current ratio of 1.30 and a debt-to-equity ratio of 42.10. The business’s fifty day moving average price is GBX 746.26 and its 200 day moving average price is GBX 838.86. The firm has a market capitalization of £9.06 billion, a PE ratio of -3,197.49, a PEG ratio of 2.12 and a beta of 0.79.

Insider Buying and Selling at SEGRO

In other news, insider Marcus Sperber acquired 7,240 shares of the company’s stock in a transaction on Friday, December 20th. The shares were bought at an average cost of GBX 691 ($8.62) per share, with a total value of £50,028.40 ($62,410.68). 0.33% of the stock is owned by company insiders.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing and industrial property.