Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for SEGRO (LON:SGRO) Stock

SEGRO (LON:SGRO) had its target price hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 800 to GBX 850 in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 23.58% from the stock’s previous close.

A number of other analysts have also recently weighed in on SGRO. JPMorgan Chase & Co. boosted their price target on SEGRO from GBX 885 to GBX 915 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Berenberg Bank increased their price objective on SEGRO from GBX 1,056 to GBX 1,067 and gave the company a “buy” rating in a report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 894.17.

SEGRO Stock Down 3.8%

Shares of LON SGRO opened at GBX 687.80 on Friday. The firm has a market cap of £9.30 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. The company has a 50 day simple moving average of GBX 765.40 and a 200 day simple moving average of GBX 713.81. 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 1 year low of GBX 586.85 and a 1 year high of GBX 844.60.

SEGRO (LON:SGRO) last issued its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported GBX 36.60 earnings per share (EPS) for the quarter. SEGRO had a net margin of 77.66% and a return on equity of 3.51%. On average, research analysts forecast that SEGRO will post 37.4077408 EPS for the current year.

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.