Jefferies Financial Group Reiterates Buy Rating for SEGRO (LON:SGRO)

SEGRO (LON:SGRO)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 855 target price on the real estate investment trust’s stock. Jefferies Financial Group’s price target suggests a potential downside of 2.23% from the company’s previous close.

Several other research analysts have also recently commented on SGRO. Deutsche Bank Aktiengesellschaft raised their target price on shares of SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a report on Friday, March 20th. 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. JPMorgan Chase & Co. upped their price target on shares of SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Finally, The Goldman Sachs Group decreased their price objective on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research note on Monday, March 30th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 881.14.

SEGRO Trading Up 17.9%

Shares of SGRO opened at GBX 874.50 on Wednesday. The business’s 50-day moving average price is GBX 715.08 and its 200 day moving average price is GBX 726.95. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 41.02. The stock has a market capitalization of £11.83 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.12 and a beta of 1.14. SEGRO has a 1-year low of GBX 603 and a 1-year 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.