Jefferies Financial Group Reiterates “Buy” Rating for SEGRO (LON:SGRO)

SEGRO (LON:SGRO)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 855 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s target price suggests a potential downside of 2.23% from the company’s previous close.

SGRO has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft increased their price target on SEGRO from GBX 800 to GBX 850 and gave the company a “hold” rating in a research note on Friday, March 20th. The Goldman Sachs Group cut their price objective on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a report on Monday, March 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 915 target price on shares of SEGRO in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. lifted their target price on SEGRO from GBX 885 to GBX 915 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, SEGRO has an average rating of “Moderate Buy” and an average price target of GBX 881.14.

SEGRO Trading Up 17.9%

Shares of LON:SGRO opened at GBX 874.50 on Wednesday. The company has a 50 day moving average of GBX 715.08 and a 200-day moving average of GBX 726.95. The firm has a market cap of £11.83 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.12 and a beta of 1.14. SEGRO has a twelve month low of GBX 603 and a twelve month high of GBX 893.60. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 41.02.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing, industrial property and data centres across the UK and seven other European countries.