Berenberg Bank Lowers SEGRO (LON:SGRO) Price Target to GBX 915

SEGRO (LON:SGRO) had its price target reduced by investment analysts at Berenberg Bank from GBX 1,067 to GBX 915 in a report issued on Tuesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s target price would suggest a potential upside of 41.42% from the company’s current price.

SGRO has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on SEGRO from GBX 885 to GBX 915 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft raised their price objective on SEGRO from GBX 800 to GBX 850 and gave the company a “hold” rating in a report on Friday, March 20th. Finally, The Goldman Sachs Group dropped their target price on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research report on Monday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 859.

SEGRO Price Performance

SGRO stock traded down GBX 0.80 during midday trading on Tuesday, reaching GBX 647. The company had a trading volume of 11,066,846 shares, compared to its average volume of 25,381,783. The firm has a 50-day moving average price of GBX 756.51 and a 200-day moving average price of GBX 716.40. The company has a market capitalization of £8.75 billion, a P/E ratio of 14.07, a P/E/G ratio of 2.12 and a beta of 1.03. SEGRO has a 1 year low of GBX 586.85 and a 1 year high of GBX 844.60. 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 (LON:SGRO) last posted its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported GBX 36.60 earnings per share (EPS) for the quarter. SEGRO had a net margin of 77.66% and a return on equity of 3.51%. On average, research analysts anticipate that SEGRO will post 37.4077408 earnings per share for the current fiscal year.

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.