SEGRO (LON:SGRO) Earns “Buy” Rating from Berenberg Bank

SEGRO (LON:SGRO)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 995 target price on the real estate investment trust’s stock. Berenberg Bank’s price objective suggests a potential upside of 2.62% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group increased their target price on SEGRO from GBX 855 to GBX 917 and gave the company a “hold” rating in a research note on Thursday, July 9th. Citigroup reiterated a “buy” rating and issued a £104.30 price target on shares of SEGRO in a research report on Friday, June 26th. Five equities 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, SEGRO currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,241.

SEGRO Stock Performance

SGRO stock opened at GBX 969.60 on Thursday. The business’s fifty day moving average is GBX 815.25 and its 200-day moving average is GBX 761.57. The company has a quick ratio of 0.62, a current ratio of 0.56 and a debt-to-equity ratio of 41.02. The company has a market cap of £13.12 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. SEGRO has a twelve month low of GBX 603 and a twelve month high of GBX 997.40.

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.