SEGRO Plc (LON:SGRO) Stock Has Average Target Price of GBX 2,085.12

SEGRO Plc (LON:SGRO) has received an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 2,085.12.

SGRO has been the subject of several recent analyst reports. Berenberg Bank boosted their price objective on shares of SEGRO to GBX 991 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Citigroup restated a “buy” rating and issued a £104.30 target price on shares of SEGRO in a research note on Friday, June 26th. Jefferies Financial Group lifted their price target on shares of SEGRO from GBX 917 to GBX 1,000 and gave the stock a “hold” rating in a report on Friday, July 31st. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 915 price target on shares of SEGRO in a report on Tuesday, August 4th.

SEGRO Trading Up 1.3%

Shares of LON:SGRO opened at GBX 920 on Friday. The company has a market capitalization of £12.45 billion, a PE ratio of 41.82, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a current ratio of 0.59, a quick ratio of 0.62 and a debt-to-equity ratio of 43.75. SEGRO has a 12-month low of GBX 632.20 and a 12-month high of GBX 997.40. The business’s fifty day simple moving average is GBX 946.96 and its 200-day simple moving average is GBX 827.16.

SEGRO (LON:SGRO) last issued 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 return on equity of 2.46% and a net margin of 40.00%. As a group, equities research analysts predict that SEGRO will post 37.4077408 earnings per share for the current fiscal 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.