SEGRO Plc (LON:SGRO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of SEGRO Plc (LON:SGRO) have received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 859.

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

SEGRO Trading Up 0.8%

SGRO opened at GBX 728.40 on Monday. The stock has a market cap of £9.85 billion, a PE ratio of 17.90, a PEG ratio of 2.12 and a beta of 1.13. 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 business has a 50 day moving average of GBX 696.17 and a 200-day moving average of GBX 724.27. SEGRO has a 52 week low of GBX 603 and a 52 week high of GBX 844.60.

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.