Berenberg Bank Issues Positive Forecast for SEGRO (LON:SGRO) Stock Price

SEGRO (LON:SGRO) had its target price boosted by Berenberg Bank from GBX 915 to GBX 995 in a research report released on Wednesday morning,Digital Look reports. Berenberg Bank currently has a buy rating on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on SGRO. Citigroup reiterated a “buy” rating and set a £104.30 price target on shares of SEGRO in a report on Friday, June 26th. The Goldman Sachs Group dropped their price objective on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a report on Monday, March 30th. Finally, Jefferies Financial Group raised their price objective on shares of SEGRO from GBX 855 to GBX 917 and gave the company a “hold” rating in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, SEGRO presently has an average rating of “Moderate Buy” and an average target price of GBX 2,241.

SEGRO Stock Performance

Shares of LON SGRO opened at GBX 895 on Wednesday. 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 one year low of GBX 603 and a one year high of GBX 917.80. The business’s 50-day moving average price is GBX 786.68 and its two-hundred day moving average price is GBX 752.79. The company has a market capitalization of £12.11 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14.

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.