Berenberg Bank Forecasts Strong Price Appreciation for SEGRO (LON:SGRO) Stock

SEGRO (LON:SGRO) had its target price lifted by equities researchers at Berenberg Bank from GBX 915 to GBX 995 in a note issued to investors on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s price target points to a potential upside of 4.15% from the company’s previous close.

SGRO has been the topic of a number of other reports. The Goldman Sachs Group cut their price objective on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a report on Monday, March 30th. Citigroup reaffirmed a “buy” rating and set a £104.30 target price on shares of SEGRO in a report on Friday, June 26th. Finally, Jefferies Financial Group lifted their target price on SEGRO from GBX 855 to GBX 917 and gave the stock a “hold” rating in a report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, SEGRO currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,241.

SEGRO Price Performance

LON SGRO opened at GBX 955.31 on Wednesday. The company has a market cap of £12.92 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 41.02, a current ratio of 0.56 and a quick ratio of 0.62. The stock’s fifty day moving average price is GBX 791.73 and its 200 day moving average price is GBX 754.44. SEGRO has a 1 year low of GBX 603 and a 1 year high of GBX 969.

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.