Jefferies Financial Group Forecasts Strong Price Appreciation for SEGRO (LON:SGRO) Stock

SEGRO (LON:SGRO) had its price objective increased by equities researchers at Jefferies Financial Group from GBX 855 to GBX 917 in a research report issued on Thursday,Digital Look reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective points to a potential upside of 6.68% from the company’s previous close.

Several other equities analysts also recently commented on SGRO. Citigroup reaffirmed a “buy” rating and issued a £104.30 price objective on shares of SEGRO in a research report on Friday, June 26th. The Goldman Sachs Group decreased their target price on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of SEGRO from GBX 800 to GBX 850 and gave the company a “hold” rating in a research note on Friday, March 20th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 915 price target on shares of SEGRO in a report on Friday, April 17th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 2,229.57.

SEGRO Trading Down 0.6%

Shares of LON SGRO opened at GBX 859.60 on Thursday. SEGRO has a fifty-two week low of GBX 603 and a fifty-two week high of GBX 893.60. The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56. The company has a market cap of £11.63 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.12 and a beta of 1.14. The business’s 50 day moving average price is GBX 751.38 and its 200-day moving average price is GBX 741.07.

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.