Berenberg Bank Boosts SEGRO (LON:SGRO) Price Target to GBX 995

SEGRO (LON:SGRO) had its price target boosted by equities research analysts at Berenberg Bank from GBX 991 to GBX 995 in a research note issued on Tuesday,London Stock Exchange reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s target price points to a potential upside of 4.78% from the stock’s current price.

SGRO has been the subject of a number of other reports. Peel Hunt reissued a “hold” rating and issued a GBX 915 target price on shares of SEGRO in a research note on Tuesday, August 4th. Citigroup reaffirmed a “buy” rating and set a £104.30 price target on shares of SEGRO in a research report on Friday, June 26th. Finally, Jefferies Financial Group lifted their price objective on SEGRO from GBX 917 to GBX 1,000 and gave the company a “hold” rating in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 2,085.62.

SEGRO Trading Down 0.2%

Shares of LON SGRO opened at GBX 949.60 on Tuesday. SEGRO has a fifty-two week low of GBX 603 and a fifty-two week high of GBX 997.40. The firm has a market capitalization of £12.85 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 43.75, a current ratio of 0.59 and a quick ratio of 0.62. The company’s 50 day simple moving average is GBX 878.56 and its 200 day simple moving average is GBX 782.07.

SEGRO (LON:SGRO) last released its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 19.30 EPS for the quarter. SEGRO had a net margin of 40.00% and a return on equity of 2.46%. On average, analysts predict that SEGRO will post 37.4077408 EPS 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.