SEGRO Plc (LON:SGRO) Stock Now Rated “Moderate Buy” by Wall Street Analysts

SEGRO Plc (LON:SGRO) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 2,085.12.

A number of research firms recently commented on SGRO. Citigroup reiterated a “buy” rating and issued a £104.30 target price on shares of SEGRO in a research note on Friday, June 26th. Jefferies Financial Group upped their price target on shares of SEGRO from GBX 917 to GBX 1,000 and gave the company a “hold” rating in a research note on Friday, July 31st. Berenberg Bank raised their price target on shares of SEGRO to GBX 991 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 915 price target on shares of SEGRO in a report on Tuesday, August 4th.

SEGRO Stock Up 1.4%

Shares of SGRO stock opened at GBX 920.40 on Friday. The stock’s fifty day moving average price is GBX 946.07 and its 200 day moving average price is GBX 827.81. SEGRO has a 1-year low of GBX 632.20 and a 1-year high of GBX 997.40. The company has a market cap of £12.45 billion, a price-to-earnings ratio of 41.84, a price-to-earnings-growth 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.

SEGRO (LON:SGRO) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 19.30 earnings per share for the quarter. SEGRO had a return on equity of 2.46% and a net margin of 40.00%. On average, research analysts expect that SEGRO will post 37.41 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.