SEGRO Plc (LON:SGRO) Receives GBX 859 Average PT from Brokerages

SEGRO Plc (LON:SGRO) has been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 859.

A number of research firms recently commented on SGRO. JPMorgan Chase & Co. raised their price objective on shares of SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Berenberg Bank restated a “buy” rating and issued a GBX 915 price target on shares of SEGRO in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a research report on Friday, March 20th. Finally, The Goldman Sachs Group decreased their price target on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a research report on Monday, March 30th.

SEGRO Price Performance

LON SGRO opened at GBX 705.40 on Monday. SEGRO has a 12 month low of GBX 603 and a 12 month 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. The firm has a market capitalization of £9.54 billion, a PE ratio of 17.33, a P/E/G ratio of 2.12 and a beta of 1.13. The company’s 50 day simple moving average is GBX 699.01 and its 200 day simple moving average is GBX 724.20.

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.