SEGRO Plc (LON:SGRO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of SEGRO Plc (LON:SGRO) have been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 859.

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Berenberg Bank restated a “buy” rating and issued a GBX 915 price target on shares of SEGRO in a research note on Friday, April 17th. The Goldman Sachs Group cut their price target on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research note on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a research note on Friday, March 20th.

SEGRO Stock Performance

LON SGRO opened at GBX 712.80 on Monday. The stock has a 50-day simple moving average of GBX 699.01 and a two-hundred day simple moving average of GBX 724.05. The firm has a market capitalization of £9.64 billion, a P/E ratio of 17.51, a PEG ratio of 2.12 and a beta of 1.13. SEGRO has a fifty-two week low of GBX 603 and a fifty-two week high of GBX 844.60. The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56.

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.