SEGRO Plc (LON:SGRO) Receives GBX 2,229.57 Average Target Price from Analysts

Shares of SEGRO Plc (LON:SGRO) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,241.

Several brokerages have commented on SGRO. The Goldman Sachs Group cut their target price on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a report on Monday, March 30th. Citigroup reiterated a “buy” rating and set a £104.30 price objective on shares of SEGRO in a report on Friday, June 26th. Jefferies Financial Group upped their target price on SEGRO from GBX 855 to GBX 917 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Finally, Berenberg Bank raised their price target on shares of SEGRO from GBX 915 to GBX 995 and gave the company a “buy” rating in a research report on Wednesday.

SEGRO Stock Performance

SEGRO stock opened at GBX 955.31 on Tuesday. The business has a 50 day moving average of GBX 791.73 and a 200-day moving average of GBX 754.44. The company has a market capitalization of £12.92 billion, a P/E ratio of 23.47, 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 969. The company has a debt-to-equity ratio of 41.02, a current ratio of 0.56 and a quick ratio of 0.62.

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.