Berenberg Bank Raises SEGRO (LON:SGRO) Price Target to GBX 1,067

SEGRO (LON:SGRO) had its target price hoisted by equities research analysts at Berenberg Bank from GBX 1,056 to GBX 1,067 in a research note issued to investors on Monday, MarketBeat.com 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 42.00% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group raised their target price on shares of SEGRO from GBX 677 to GBX 700 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SEGRO in a report on Thursday, October 9th. UBS Group restated a “buy” rating and set a GBX 780 price objective on shares of SEGRO in a report on Friday, October 17th. Finally, Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research report on Tuesday, October 21st. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 897.

SEGRO Stock Performance

LON SGRO opened at GBX 751.40 on Monday. The business’s 50-day moving average price is GBX 714.36 and its 200 day moving average price is GBX 679.28. SEGRO has a twelve month low of GBX 586.85 and a twelve month high of GBX 756.40. The company has a market capitalization of £10.16 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10.

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.