SEGRO (LON:SGRO) Price Target Raised to GBX 991

SEGRO (LON:SGRO) had its price target lifted by Berenberg Bank to GBX 991 in a research report sent to investors on Tuesday, MarketBeat reports. They currently have a buy rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the stock. Citigroup reiterated a “buy” rating and issued a £104.30 target price on shares of SEGRO in a report on Friday, June 26th. Jefferies Financial Group boosted their price target on shares of SEGRO from GBX 917 to GBX 1,000 and gave the company a “hold” rating in a report on Friday, July 31st. Finally, Peel Hunt restated a “hold” rating and issued a GBX 915 price target on shares of SEGRO in a research report on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,085.12.

SEGRO Trading Down 0.3%

Shares of LON SGRO opened at GBX 957 on Tuesday. SEGRO has a 12 month low of GBX 603 and a 12 month high of GBX 997.40. The company has a market cap of £12.95 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a quick ratio of 0.62, a current ratio of 0.59 and a debt-to-equity ratio of 43.75. The business has a fifty day simple moving average of GBX 892.87 and a 200-day simple moving average of GBX 786.23.

SEGRO (LON:SGRO) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 19.30 earnings per share for the quarter. SEGRO had a return on equity of 2.46% and a net margin of 40.00%. Sell-side analysts predict that SEGRO will post 37.4077408 EPS for the current year.

About SEGRO

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.