SEGRO (LON:SGRO) Sets New 52-Week Low – Here’s Why

SEGRO Plc (LON:SGRO)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 677.80 ($8.34) and last traded at GBX 677.80 ($8.34), with a volume of 7729973 shares changing hands. The stock had previously closed at GBX 682.80 ($8.40).

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SGRO shares. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research report on Thursday, September 26th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,050 ($12.92) target price on shares of SEGRO in a report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 986.50 ($12.14).

SEGRO Stock Down 0.7 %

The firm has a market cap of £9.00 billion, a P/E ratio of -3,175.24, a P/E/G ratio of 2.12 and a beta of 0.79. The firm’s fifty day moving average is GBX 740.72 and its 200 day moving average is GBX 836.09. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30.

Insider Activity

In related news, insider Marcus Sperber acquired 7,240 shares of the stock in a transaction on Friday, December 20th. The shares were purchased at an average price of GBX 691 ($8.50) per share, for a total transaction of £50,028.40 ($61,558.26). 0.33% of the stock is currently owned by company insiders.

About SEGRO

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