SEGRO (LON:SGRO) Price Target Cut to GBX 800 by Analysts at The Goldman Sachs Group

SEGRO (LON:SGRO) had its price target lowered by The Goldman Sachs Group from GBX 890 to GBX 800 in a research report released on Monday morning,London Stock Exchange reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on SGRO. Berenberg Bank upped their target price on SEGRO from GBX 1,056 to GBX 1,067 and gave the stock a “buy” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. raised their target price on SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a research report on Friday, March 20th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 880.71.

SEGRO Stock Performance

Shares of SGRO stock opened at GBX 647.80 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 41.02. The company has a market cap of £8.76 billion, a PE ratio of 14.08, a P/E/G ratio of 2.12 and a beta of 1.03. The company’s fifty day simple moving average is GBX 756.51 and its 200-day simple moving average is GBX 716.40. SEGRO has a 52 week low of GBX 586.85 and a 52 week high of GBX 844.60.

SEGRO (LON:SGRO) last announced its quarterly 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%. As a group, equities research analysts anticipate 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.