Barclays Cuts SEGRO (LON:SGRO) Price Target to GBX 985

SEGRO (LON:SGROGet Rating) had its price target cut by Barclays from GBX 1,290 ($15.59) to GBX 985 ($11.90) in a research note issued to investors on Friday, Marketbeat reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price indicates a potential upside of 24.59% from the stock’s current price.

A number of other research analysts also recently issued reports on SGRO. Berenberg Bank decreased their price target on SEGRO from GBX 1,560 ($18.85) to GBX 1,260 ($15.22) and set a “buy” rating for the company in a report on Wednesday, August 31st. Shore Capital raised SEGRO to a “hold” rating in a report on Friday, September 2nd. Finally, Citigroup reissued a “buy” rating and issued a GBX 1,388 ($16.77) price target on shares of SEGRO in a report on Monday, August 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,304.78 ($15.77).

SEGRO Trading Down 1.8 %

SEGRO stock opened at GBX 790.60 ($9.55) on Friday. SEGRO has a 52 week low of GBX 790.60 ($9.55) and a 52 week high of GBX 1,508 ($18.22). The company has a market capitalization of £9.56 billion and a price-to-earnings ratio of 234.22. The stock has a 50-day moving average price of GBX 992.49 and a 200 day moving average price of GBX 1,114.15. The company has a quick ratio of 0.62, a current ratio of 0.71 and a debt-to-equity ratio of 28.49.

Insider Transactions at SEGRO

In other SEGRO news, insider Andy Harrison bought 22,271 shares of SEGRO stock in a transaction dated Wednesday, September 14th. The stock was acquired at an average cost of GBX 892 ($10.78) per share, with a total value of £198,657.32 ($240,040.26).

About SEGRO

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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 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors.

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