SEGRO (LON:SGRO) Reaches New 12-Month Low – Time to Sell?

SEGRO Plc (LON:SGRO) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 738 ($9.43) and last traded at GBX 740.60 ($9.46), with a volume of 3874360 shares traded. The stock had previously closed at GBX 751 ($9.59).

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SGRO. UBS Group cut shares of SEGRO to a “neutral” rating and dropped their target price for the stock from GBX 1,045 ($13.35) to GBX 985 ($12.58) in a report on Tuesday, August 20th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a report on Thursday, September 26th. Barclays reaffirmed an “overweight” rating and issued a GBX 1,050 ($13.42) target price on shares of SEGRO in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,050 ($13.42) price target on shares of SEGRO in a report on Tuesday, September 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SEGRO has an average rating of “Moderate Buy” and a consensus target price of GBX 986.50 ($12.60).

SEGRO Stock Down 2.0 %

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 cap of £9.72 billion, a P/E ratio of -3,499.05, a P/E/G ratio of 2.12 and a beta of 0.79. The stock has a 50 day moving average price of GBX 805.55 and a 200 day moving average price of GBX 868.43.

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.