SEGRO (LON:SGRO) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

SEGRO (LON:SGRO) had its price target boosted by JPMorgan Chase & Co. from GBX 885 to GBX 915 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 17.76% from the stock’s previous close.

Separately, Berenberg Bank lifted their target price on shares of SEGRO from GBX 1,056 to GBX 1,067 and gave the stock a “buy” rating in a research note on Monday, January 26th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 903.

SEGRO Stock Performance

Shares of SGRO stock opened at GBX 777 on Wednesday. The stock has a market capitalization of £10.51 billion, a PE ratio of 16.89, a PEG ratio of 2.12 and a beta of 1.00. The business’s 50 day simple moving average is GBX 762.30 and its 200 day simple moving average is GBX 705.34. The company has a debt-to-equity ratio of 40.34, a current ratio of 0.56 and a quick ratio of 0.62. SEGRO has a one year low of GBX 586.85 and a one year high of GBX 844.60.

SEGRO (LON:SGRO) last released its quarterly earnings results 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%. As a group, research analysts forecast that SEGRO will post 37.4077408 earnings per share for the current 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.