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

Shares of SEGRO Plc (LON:SGRO) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 2,085.62.

Several brokerages recently weighed in on SGRO. Citigroup reiterated a “buy” rating and set a £104.30 price target on shares of SEGRO in a research report on Friday, June 26th. Berenberg Bank restated a “buy” rating and issued a GBX 995 price objective on shares of SEGRO in a research report on Thursday, July 30th. Jefferies Financial Group raised their price objective on shares of SEGRO from GBX 917 to GBX 1,000 and gave the stock a “hold” rating in a research note on Friday, July 31st. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 915 target price on shares of SEGRO in a report on Tuesday, August 4th.

SEGRO Stock Performance

LON SGRO opened at GBX 960.80 on Friday. The stock has a 50-day simple moving average of GBX 873.63 and a two-hundred day simple moving average of GBX 780.43. The firm has a market capitalization of £13.00 billion, a P/E ratio of 23.61, a PEG ratio of 2.12 and a beta of 1.14. SEGRO has a fifty-two week low of GBX 603 and a fifty-two week high of GBX 997.40.

SEGRO (LON:SGRO) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 19.30 earnings per share (EPS) for the quarter. SEGRO had a return on equity of 2.46% and a net margin of 40.00%. As a group, analysts forecast that SEGRO will post 37.4077408 earnings per share 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.