SEGRO Plc (LON:SGRO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

SEGRO Plc (LON:SGRO) has earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 881.14.

SGRO has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their target price 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. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 855 price objective on shares of SEGRO in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a research report on Friday, March 20th. JPMorgan Chase & Co. upped their price objective on shares of SEGRO from GBX 885 to GBX 915 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 915 price objective on shares of SEGRO in a research report on Friday, April 17th.

SEGRO Trading Up 0.1%

Shares of SEGRO stock opened at GBX 880.60 on Friday. The firm has a 50-day moving average of GBX 722.11 and a 200-day moving average of GBX 729.31. The stock has a market cap of £11.91 billion, a PE ratio of 21.64, a PEG ratio of 2.12 and a beta of 1.14. SEGRO has a 52-week low of GBX 603 and a 52-week high of GBX 893.60. The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56.

SEGRO Company Profile

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.