SEGRO (LON:SGRO) Hits New 1-Year Low – Here’s What Happened

SEGRO Plc (LON:SGRO)’s share price reached a new 52-week low on Wednesday . The company traded as low as GBX 677.80 ($8.46) and last traded at GBX 677.80 ($8.46), with a volume of 7729973 shares trading hands. The stock had previously closed at GBX 682.80 ($8.52).

Analyst Upgrades and Downgrades

SGRO has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,050 ($13.10) price objective on shares of SEGRO in a research report on Tuesday, September 24th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a report on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, SEGRO currently has an average rating of “Moderate Buy” and an average target price of GBX 986.50 ($12.31).

SEGRO Stock Performance

The firm has a market cap of £9.06 billion, a PE ratio of -3,197.49, a P/E/G ratio of 2.12 and a beta of 0.79. The stock has a 50-day moving average price of GBX 746.26 and a 200 day moving average price of GBX 838.86. The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62.

Insider Buying and Selling at SEGRO

In related news, insider Marcus Sperber acquired 7,240 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost of GBX 691 ($8.62) per share, for a total transaction of £50,028.40 ($62,410.68). 0.33% of the stock is 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.