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

SEGRO Plc (LON:SGRO) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 2,220.71.

Several equities analysts have issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 855 target price on shares of SEGRO in a research note on Wednesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of 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 increased their price objective on shares of SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a research note on Friday, March 20th. Berenberg Bank reiterated a “buy” rating and issued a GBX 915 price objective on shares of SEGRO in a research note on Friday, April 17th. Finally, The Goldman Sachs Group lowered their price objective on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a research note on Monday, March 30th.

SEGRO Price Performance

SGRO opened at GBX 879.20 on Friday. The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56. The stock has a market capitalization of £11.89 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.12 and a beta of 1.14. The company’s 50-day simple moving average is GBX 731.69 and its two-hundred day simple moving average is GBX 733.27. SEGRO has a 52-week low of GBX 603 and a 52-week high of GBX 893.60.

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.