Berenberg Bank Raises SEGRO (LON:SGRO) Price Target to GBX 1,067

SEGRO (LON:SGRO) had its price target upped by research analysts at Berenberg Bank from GBX 1,056 to GBX 1,067 in a report released on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s price target points to a potential upside of 42.00% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. UBS Group reiterated a “buy” rating and set a GBX 780 price target on shares of SEGRO in a research report on Friday, October 17th. Jefferies Financial Group raised their target price on SEGRO from GBX 677 to GBX 700 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a research note on Thursday, October 9th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 897.

SEGRO Trading Down 0.1%

LON:SGRO traded down GBX 0.60 during trading hours on Monday, hitting GBX 751.40. 2,124,480 shares of the stock were exchanged, compared to its average volume of 23,133,818. The company has a market capitalization of £10.16 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The company has a quick ratio of 0.62, a current ratio of 1.30 and a debt-to-equity ratio of 42.10. The company’s 50 day moving average is GBX 713.36 and its two-hundred day moving average is GBX 678.62. SEGRO has a twelve month low of GBX 586.85 and a twelve month high of GBX 756.40.

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.