Jefferies Financial Group Forecasts Strong Price Appreciation for SEGRO (LON:SGRO) Stock

SEGRO (LON:SGRO) had its price objective upped by investment analysts at Jefferies Financial Group from GBX 917 to GBX 1,000 in a note issued to investors on Friday,Digital Look reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price target indicates a potential upside of 2.94% from the company’s current price.

A number of other research firms have also commented on SGRO. Citigroup reissued a “buy” rating and issued a £104.30 target price on shares of SEGRO in a report on Friday, June 26th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 995 price target on shares of SEGRO in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,252.86.

SEGRO Trading Up 0.5%

LON:SGRO opened at GBX 971.40 on Friday. The stock has a market cap of £13.14 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.12 and a beta of 1.14. 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 company’s 50 day moving average price is GBX 820.36 and its 200-day moving average price is GBX 763.23. SEGRO has a 52 week low of GBX 603 and a 52 week high of GBX 997.40.

SEGRO (LON:SGRO) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 19.30 earnings per share for the quarter. SEGRO had a net margin of 77.66% and a return on equity of 3.51%. On average, equities research analysts forecast that SEGRO will post 37.4077408 earnings per share for the current fiscal year.

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.