SEGRO (LON:SGRO) Price Target Raised to GBX 995

SEGRO (LON:SGRO) had its price target lifted by Berenberg Bank from GBX 915 to GBX 995 in a research report sent to investors on Wednesday,Digital Look reports. Berenberg Bank currently has a buy rating on the real estate investment trust’s stock.

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

SEGRO Stock Performance

SEGRO stock opened at GBX 979 on Wednesday. The firm has a fifty day simple moving average of GBX 797.74 and a two-hundred day simple moving average of GBX 756.01. 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 has a twelve month low of GBX 603 and a twelve month high of GBX 985.40. The company has a market capitalization of £13.25 billion, a PE ratio of 24.05, a P/E/G ratio of 2.12 and a beta of 1.14.

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.