SEGRO Plc (LON:SGRO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Eight brokerages give SEGRO a consensus rating of "Moderate Buy" (six buy, two hold) with an average 12‑month target price of GBX 859.
• Analyst views are mixed but broadly constructive — JPMorgan raised its target to GBX 915 and kept an "overweight", while Goldman Sachs cut its target to GBX 800 and set a "neutral" rating.
• Shares opened at GBX 695.40, trading in a 1‑year range of GBX 603–844.60; SEGRO has a market cap of £9.41 billion and a PE ratio of 17.09.

Shares of SEGRO Plc (LON:SGRO - Get Free Report) have earned an average rating of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 859.

Several equities research analysts recently commented on SGRO shares. JPMorgan Chase & Co. lifted their price objective on SEGRO from GBX 885 to GBX 915 and gave the stock an "overweight" rating in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on SEGRO from GBX 800 to GBX 850 and gave the stock a "hold" rating in a report on Friday, March 20th. Berenberg Bank reduced their price objective on SEGRO from GBX 1,067 to GBX 915 and set a "buy" rating for the company in a report on Tuesday, March 31st. Finally, The Goldman Sachs Group reduced their price objective on SEGRO from GBX 890 to GBX 800 and set a "neutral" rating for the company in a report on Monday, March 30th.

SEGRO Price Performance

Shares of LON:SGRO opened at GBX 695.40 on Friday. SEGRO has a 1-year low of GBX 603 and a 1-year high of GBX 844.60. 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 business has a fifty day moving average price of GBX 744.32 and a 200-day moving average price of GBX 718.38. The company has a market capitalization of £9.41 billion, a PE ratio of 17.09, a PEG ratio of 2.12 and a beta of 1.14.

SEGRO (LON:SGRO - Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported GBX 36.60 earnings per share for the quarter. SEGRO had a return on equity of 3.51% and a net margin of 77.66%. As a group, equities analysts expect that SEGRO will post 37.4077408 EPS 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.

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