SEGRO (LON:SGRO)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a report issued on Friday, ThisIsMoney.Co.Uk reports.
A number of other research analysts also recently issued reports on SGRO. Peel Hunt restated a “hold” rating and issued a GBX 935 ($12.22) price objective (up previously from GBX 920 ($12.02)) on shares of Antofagasta in a research note on Tuesday, July 9th. Morgan Stanley upped their price objective on TELUS from C$53.00 to C$55.00 in a research note on Thursday, March 14th. Goldman Sachs Group upgraded to a “buy” rating and set a GBX 1,180 ($15.42) price objective for the company in a research note on Tuesday, June 4th. Royal Bank of Canada upped their price objective on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an “outperform” rating in a research note on Monday, June 24th. Finally, Barclays upped their price objective on Coupa Software from $95.00 to $101.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 4th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. SEGRO currently has a consensus rating of “Hold” and a consensus target price of GBX 757 ($9.89).
Shares of LON:SGRO opened at GBX 750.20 ($9.80) on Friday. The company has a market cap of $8.20 billion and a P/E ratio of 7.16. The company has a debt-to-equity ratio of 34.18, a current ratio of 0.85 and a quick ratio of 0.63. The company has a fifty day simple moving average of GBX 724.79. SEGRO has a 1 year low of GBX 577.60 ($7.55) and a 1 year high of GBX 763.40 ($9.98).
In other news, insider Soumen Das sold 110,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of GBX 727 ($9.50), for a total transaction of £799,700 ($1,044,949.69). Also, insider Liz Reilly sold 4,995 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of GBX 686 ($8.96), for a total value of £34,265.70 ($44,774.21). Insiders have sold a total of 212,303 shares of company stock valued at $153,263,714 in the last quarter.
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 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.
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