SEGRO (LON:SGRO) Price Target Raised to GBX 850 at Deutsche Bank Aktiengesellschaft

SEGRO (LON:SGRO) had its price target hoisted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 800 to GBX 850 in a report issued on Friday, MarketBeat Ratings reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 19.95% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Berenberg Bank increased their price objective on shares of SEGRO from GBX 1,056 to GBX 1,067 and gave the company a “buy” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. increased their price target on shares of SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 894.17.

SEGRO Stock Performance

Shares of LON SGRO traded down GBX 6.20 during midday trading on Friday, hitting GBX 708.60. 188,138,000 shares of the company’s stock were exchanged, compared to its average volume of 30,978,865. The company has a quick ratio of 0.62, a current ratio of 0.56 and a debt-to-equity ratio of 41.02. The firm has a market capitalization of £9.59 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. SEGRO has a 12 month low of GBX 586.85 and a 12 month high of GBX 844.60. The company’s 50 day moving average price is GBX 766.29 and its 200 day moving average price is GBX 712.67.

SEGRO (LON:SGRO) last posted 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 return on equity of 3.51% and a net margin of 77.66%. As a group, analysts predict that SEGRO will post 37.4077408 earnings per share for the current fiscal 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.