SEGRO Plc (LON:SGRO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of SEGRO Plc (LON:SGRO) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 859.

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a report on Friday, March 20th. The Goldman Sachs Group decreased their target price on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a report on Monday, March 30th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 915 target price on shares of SEGRO in a report on Friday, April 17th.

SEGRO Stock Up 0.8%

Shares of LON:SGRO opened at GBX 728.40 on Monday. The stock has a fifty day simple moving average of GBX 696.17 and a two-hundred day simple moving average of GBX 724.27. The stock has a market capitalization of £9.85 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.12 and a beta of 1.13. SEGRO has a 12-month low of GBX 603 and a 12-month high of GBX 844.60. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 41.02.

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.