Citigroup Reaffirms Buy Rating for SEGRO (LON:SGRO)

SEGRO (LON:SGRO)‘s stock had its “buy” rating reissued by Citigroup in a research report issued on Friday,Digital Look reports. They presently have a £104.30 price target on the real estate investment trust’s stock.

Several other research analysts also recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 915 target price on shares of SEGRO in a research note on Friday, April 17th. The Goldman Sachs Group reduced their price target on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a report on Friday, March 20th. JPMorgan Chase & Co. upped their price objective on SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 855 target price on shares of SEGRO in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,220.71.

SEGRO Stock Down 0.0%

SGRO stock traded down GBX 0.20 during trading on Friday, hitting GBX 879.80. 13,567,139 shares of the stock traded hands, compared to its average volume of 30,046,646. The stock has a market cap of £11.90 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 41.02, a current ratio of 0.56 and a quick ratio of 0.62. SEGRO has a 1 year low of GBX 603 and a 1 year high of GBX 893.60. The firm’s 50 day moving average is GBX 722.11 and its two-hundred day moving average is GBX 729.31.

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.