Berenberg Bank Lowers SEGRO (LON:SGRO) Price Target to GBX 915

SEGRO (LON:SGRO) had its price target reduced by stock analysts at Berenberg Bank from GBX 1,067 to GBX 915 in a report issued on Tuesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s price objective points to a potential upside of 37.51% from the stock’s current price.

SGRO has been the subject of a number of other reports. JPMorgan Chase & Co. increased their price objective on shares of SEGRO from GBX 885 to GBX 915 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group dropped 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a research note on Friday, March 20th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, SEGRO presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 859.

SEGRO Trading Up 3.4%

SEGRO stock opened at GBX 665.40 on Tuesday. The firm has a 50 day moving average of GBX 753.69 and a 200 day moving average of GBX 716.28. The firm has a market capitalization of £9.00 billion, a price-to-earnings ratio of 14.47, a P/E/G 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 has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 41.02.

SEGRO (LON:SGRO) last released its earnings results on Monday, February 23rd. The real estate investment trust reported GBX 36.60 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 predict that SEGRO will post 37.4077408 earnings per share 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.