SEGRO (LON:SGRO) Given New GBX 995 Price Target at Berenberg Bank

SEGRO (LON:SGRO) had its price objective lifted by Berenberg Bank from GBX 991 to GBX 995 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s target price indicates a potential upside of 4.78% from the stock’s previous close.

Several other research analysts have also recently commented on SGRO. Citigroup restated a “buy” rating and set a £104.30 target price on shares of SEGRO in a report on Friday, June 26th. Peel Hunt reiterated a “hold” rating and issued a GBX 915 price target on shares of SEGRO in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group boosted their price target on shares of SEGRO from GBX 917 to GBX 1,000 and gave the stock a “hold” rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 2,085.62.

SEGRO Trading Down 0.2%

LON:SGRO opened at GBX 949.60 on Tuesday. SEGRO has a twelve month low of GBX 603 and a twelve month high of GBX 997.40. 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 50 day moving average price of GBX 878.56 and a two-hundred day moving average price of GBX 782.07. The company has a market cap of £12.85 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14.

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 net margin of 40.00% and a return on equity of 2.46%. As a group, analysts expect that SEGRO will post 37.4077408 EPS for the current fiscal year.

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.