SEGRO (SGRO) Given New GBX 720 Price Target at Morgan Stanley

SEGRO (LON:SGRO) had its price target lifted by Morgan Stanley from GBX 610 ($8.43) to GBX 720 ($9.95) in a research note published on Tuesday. Morgan Stanley currently has an overweight rating on the real estate investment trust’s stock.

SGRO has been the topic of a number of other research reports. Liberum Capital raised SEGRO to a buy rating and increased their target price for the company from GBX 505 ($6.98) to GBX 640 ($8.84) in a research note on Friday, December 15th. Jefferies Group raised SEGRO to a hold rating and set a GBX 506 ($6.99) target price on the stock in a research note on Thursday, January 18th. JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 600 ($8.29) target price on shares of SEGRO in a research note on Monday, February 19th. Numis Securities reissued an add rating and issued a GBX 681 ($9.41) target price on shares of SEGRO in a research note on Thursday, February 22nd. Finally, Deutsche Bank increased their target price on SEGRO from GBX 460 ($6.36) to GBX 570 ($7.88) and gave the company a hold rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 596.75 ($8.24).

Shares of SEGRO (SGRO) opened at GBX 606.40 ($8.38) on Tuesday. SEGRO has a 12-month low of GBX 446.60 ($6.17) and a 12-month high of GBX 610.20 ($8.43). The stock has a market capitalization of $6,070.00 and a price-to-earnings ratio of 645.11.

SEGRO (LON:SGRO) last issued its quarterly earnings data on Friday, February 16th. The real estate investment trust reported GBX 19.90 ($0.27) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 19.60 ($0.27) by GBX 0.30 ($0.00). SEGRO had a return on equity of 21.26% and a net margin of 400.00%. The company had revenue of £334.70 million for the quarter.

The business also recently disclosed a dividend, which will be paid on Thursday, May 3rd. Shareholders of record on Thursday, March 22nd will be issued a GBX 11.35 ($0.16) dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This is a positive change from SEGRO’s previous dividend of $11.20. This represents a yield of 1.92%.

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SEGRO Company Profile

SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse properties in the United Kingdom and Continental Europe. Its segments include Greater London, Thames Valley and National Logistics, Northern Europe (principally Germany), Southern Europe (principally France) and Central Europe (principally Poland).

Analyst Recommendations for SEGRO (LON:SGRO)

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