Berenberg Bank Cuts SEGRO (LON:SGRO) Price Target to GBX 915

SEGRO (LON:SGRO) had its price target reduced by Berenberg Bank from GBX 1,067 to GBX 915 in a report published on Tuesday,London Stock Exchange reports. Berenberg Bank currently has a buy rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group lowered their price target on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a research note on Friday, March 20th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 859.

SEGRO Trading Up 0.8%

Shares of LON:SGRO opened at GBX 671 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 41.02. SEGRO has a 12-month low of GBX 586.85 and a 12-month high of GBX 844.60. The business has a 50 day moving average of GBX 752.48 and a two-hundred day moving average of GBX 715.96. The company has a market capitalization of £9.08 billion, a PE ratio of 14.59, a PEG ratio of 2.12 and a beta of 1.03.

SEGRO (LON:SGRO) last issued its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported GBX 36.60 EPS for the quarter. SEGRO had a net margin of 77.66% and a return on equity of 3.51%. As a group, analysts forecast 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.