SEGRO (LON:SGRO) Price Target Raised to GBX 995 at Berenberg Bank

SEGRO (LON:SGRO) had its target price boosted by analysts at Berenberg Bank from GBX 915 to GBX 995 in a report issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s target price suggests a potential upside of 10.02% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Jefferies Financial Group increased their target price on shares of SEGRO from GBX 855 to GBX 917 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Citigroup reiterated a “buy” rating and issued a £104.30 price target on shares of SEGRO in a research report on Friday, June 26th. Finally, The Goldman Sachs Group cut their price target on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research note on Monday, March 30th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, SEGRO has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,241.

SEGRO Trading Up 4.0%

SGRO stock opened at GBX 904.40 on Wednesday. SEGRO has a 52 week low of GBX 603 and a 52 week high of GBX 917.80. The company has a market capitalization of £12.24 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company’s 50-day simple moving average is GBX 782.75 and its 200 day simple moving average is GBX 751.56. The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56.

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.