JPMorgan Chase & Co. Reiterates Overweight Rating for SEGRO (LON:SGRO)

SEGRO (LON:SGRO)‘s stock had its “overweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have a GBX 1,050 ($14.06) price target on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 20.88% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. Shore Capital reissued a “buy” rating on shares of SEGRO in a report on Wednesday, September 4th. UBS Group downgraded SEGRO to a “neutral” rating and lowered their target price for the company from GBX 1,045 ($13.99) to GBX 985 ($13.19) in a research note on Tuesday, August 20th. Jefferies Financial Group cut their price objective on shares of SEGRO from GBX 950 ($12.72) to GBX 930 ($12.45) and set a “hold” rating for the company in a research report on Monday, July 29th. Finally, Barclays restated an “overweight” rating and issued a GBX 1,050 ($14.06) target price on shares of SEGRO in a research note on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 986.50 ($13.21).

SEGRO Stock Down 0.3 %

SEGRO stock opened at GBX 868.60 ($11.63) on Tuesday. The stock’s fifty day moving average is GBX 892.25 and its two-hundred day moving average is GBX 891.23. The stock has a market cap of £11.73 billion, a PE ratio of -4,136.19, a P/E/G ratio of 2.12 and a beta of 0.79. SEGRO has a 1-year low of GBX 675 ($9.04) and a 1-year high of GBX 949 ($12.71). The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62.

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.