SEGRO (LON:SGRO) Rating Lowered to Equal Weight at Barclays

March 11, 2023

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.

→ My No. 1 dividend stock for a LIFETIME of income. (From Oxford Club)

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, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 1,030.50 ($12.39).

SEGRO Trading Down 2.2 %

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).

Insider Buying and Selling at SEGRO

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.


(Get Rating)

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.

Featured Stories

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]

Before you consider SEGRO, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SEGRO wasn't on the list.

While SEGRO currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Source link

Prudential Cal strives to provide the most detailed information about the real estate industry. We assist people in making the best decisions possible by offering unique insights into the global real estate market and advice for both homebuyers and sellers.
Additional Information
Copyright © 2023 Prudential Cal. All Rights Reserved. Protection Status
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram