Berenberg Bank Reaffirms Buy Rating for SEGRO (LON:SGRO)

SEGRO (LON:SGRO)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research report issued on Friday,Digital Look reports. They currently have a GBX 915 price target on the real estate investment trust’s stock. Berenberg Bank’s price objective would indicate a potential upside of 24.05% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. The Goldman Sachs Group decreased their target price 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of SEGRO from GBX 800 to GBX 850 and gave the company a “hold” rating in a research note on Friday, March 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, SEGRO has an average rating of “Moderate Buy” and a consensus target price of GBX 859.

SEGRO Price Performance

Shares of LON SGRO opened at GBX 737.60 on Friday. SEGRO has a fifty-two week low of GBX 603 and a fifty-two week high of GBX 844.60. The company has a 50 day simple moving average of GBX 739.07 and a two-hundred day simple moving average of GBX 720.66. The company has a market capitalization of £9.98 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56.

SEGRO (LON:SGRO) last announced its earnings results on Monday, February 23rd. The real estate investment trust reported GBX 36.60 earnings per share for the quarter. SEGRO had a net margin of 77.66% and a return on equity of 3.51%. Analysts expect that SEGRO will post 37.4077408 EPS for the current fiscal year.

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.