SEGRO (LON:SGRO) Price Target Raised to GBX 1,067 at Berenberg Bank

SEGRO (LON:SGRO) had its price objective boosted by Berenberg Bank from GBX 1,056 to GBX 1,067 in a report released on Monday,London Stock Exchange reports. They currently have a buy rating on the real estate investment trust’s stock.

A number of other brokerages also recently weighed in on SGRO. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of SEGRO in a research note on Thursday, October 9th. Shore Capital reissued a “buy” rating on shares of SEGRO in a research report on Tuesday, October 21st. UBS Group reiterated a “buy” rating and issued a GBX 780 price objective on shares of SEGRO in a research report on Friday, October 17th. Finally, Jefferies Financial Group boosted their price target on SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a report on Tuesday, October 28th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 897.

SEGRO Stock Performance

Shares of LON SGRO traded down GBX 1.58 during trading hours on Monday, reaching GBX 750.42. The stock had a trading volume of 2,135,361 shares, compared to its average volume of 23,134,424. The company has a market cap of £10.15 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 2.12 and a beta of 0.79. The business’s fifty day moving average is GBX 713.36 and its two-hundred day moving average is GBX 678.62. SEGRO has a twelve month low of GBX 586.85 and a twelve month high of GBX 756.40. The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62.

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.