SEGRO (LON:SGRO - Get Rating) was downgraded by research analysts at Barclays to an "equal weight" rating in a research report issued on Friday, Marketbeat Ratings reports. They presently have a GBX 800 ($9.62) price target on the real estate investment trust's stock. Barclays's price target suggests a potential upside of 4.99% from the stock's current price.
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Several other research firms also recently commented on SGRO. Shore Capital reissued a "buy" rating on shares of SEGRO in a research note on Tuesday, February 21st. Peel Hunt reissued an "add" rating and issued a GBX 920 ($11.06) price objective on shares of SEGRO in a research note on Tuesday, February 21st. Citigroup downgraded SEGRO to a "neutral" rating in a research note on Tuesday, February 14th. JPMorgan Chase & Co. increased their price target on SEGRO from GBX 960 ($11.54) to GBX 1,000 ($12.03) and gave the company an "overweight" rating in a research report on Tuesday, February 21st. Finally, Berenberg Bank increased their price target on SEGRO from GBX 1,040 ($12.51) to GBX 1,100 ($13.23) and gave the company a "buy" rating in a research report on Wednesday, February 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 1,030.50 ($12.39).
Shares of SGRO stock opened at GBX 762 ($9.16) on Friday. The company has a debt-to-equity ratio of 45.24, a current ratio of 0.73 and a quick ratio of 0.62. The company has a market cap of £9.22 billion, a price-to-earnings ratio of -481.77, a PEG ratio of 2.37 and a beta of 0.70. The stock has a 50 day simple moving average of GBX 825.79 and a 200-day simple moving average of GBX 819.24. SEGRO has a 1-year low of GBX 669.20 ($8.05) and a 1-year high of GBX 1,408 ($16.93).
In related news, insider Andy Harrison bought 78,960 shares of the stock in a transaction on Monday, March 6th. The shares were bought at an average cost of GBX 812 ($9.76) per share, for a total transaction of £641,155.20 ($770,989.90). In the last ninety days, insiders have purchased 343,926 shares of company stock worth $285,669,418. 0.27% of the stock is currently owned by insiders.
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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