SEGRO (LON:SGRO) Given New GBX 995 Price Target at Berenberg Bank

SEGRO (LON:SGRO) had its target price boosted by analysts at Berenberg Bank from GBX 915 to GBX 995 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s price target points to a potential upside of 10.02% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Citigroup restated a “buy” rating and issued a £104.30 price target on shares of SEGRO in a research note on Friday, June 26th. Jefferies Financial Group lifted their price objective on shares of SEGRO from GBX 855 to GBX 917 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group decreased their price objective on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a report on Monday, March 30th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,241.

SEGRO Price Performance

LON:SGRO opened at GBX 904.40 on Wednesday. SEGRO has a 12-month low of GBX 603 and a 12-month high of GBX 917.80. The firm has a market capitalization of £12.24 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 2.12 and a beta of 1.14. The stock’s 50 day moving average price is GBX 782.75 and its two-hundred day moving average price is GBX 751.56. The company has a quick ratio of 0.62, a current ratio of 0.56 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.