SEGRO’s (SGRO) “Buy” Rating Reiterated at Citigroup

SEGRO (LON:SGRO)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup in a note issued to investors on Friday,Digital Look reports. They currently have a £104.30 price target on the real estate investment trust’s stock.

SGRO has been the topic of several other research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 915 price target on shares of SEGRO in a research report on Friday, April 17th. The Goldman Sachs Group lowered their price objective on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on SEGRO from GBX 800 to GBX 850 and gave the company a “hold” rating in a research report on Friday, March 20th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 855 target price on shares of SEGRO in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on SEGRO from GBX 885 to GBX 915 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 2,220.71.

SEGRO Trading Down 0.0%

SEGRO stock traded down GBX 0.20 during mid-day trading on Friday, reaching GBX 879.80. 13,567,139 shares of the company traded hands, compared to its average volume of 30,046,646. 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 has a 52-week low of GBX 603 and a 52-week high of GBX 893.60. The firm has a market capitalization of £11.90 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 2.12 and a beta of 1.14. The firm’s 50 day moving average price is GBX 722.11 and its 200 day moving average price is GBX 729.31.

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.