Segro (LON:SGRO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 629.40 ($9.01) and last traded at GBX 626 ($8.96), with a volume of 3068308 shares traded. The stock had previously closed at GBX 626 ($8.96).
Several brokerages recently weighed in on SGRO. JPMorgan Chase raised their price target on shares of Segro from GBX 540 ($7.73) to GBX 600 ($8.59) and gave the company an “underweight” rating in a research report on Monday, January 15th. Peel Hunt raised their price target on shares of Segro from GBX 550 ($7.88) to GBX 610 ($8.73) and gave the company an “add” rating in a research report on Friday, February 16th. Barclays raised their price target on shares of Segro from GBX 580 ($8.30) to GBX 630 ($9.02) and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Canaccord Genuity raised their price target on shares of Segro from GBX 560 ($8.02) to GBX 620 ($8.88) and gave the company a “buy” rating in a research report on Friday, December 22nd. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 640 ($9.16) price target on shares of Segro in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 612.17 ($8.77).
Segro (LON:SGRO) last announced its quarterly earnings results on Friday, February 16th. The real estate investment trust reported GBX 19.90 ($0.28) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 19.60 ($0.28) by GBX 0.30 ($0.00). Segro had a net margin of 400.00% and a return on equity of 21.26%. The firm had revenue of £334.70 million during the quarter.
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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 6.7 million square metres of space (72 million square feet) valued at over £9 billion serving customers from a wide range of industry sectors.
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