The Goldman Sachs Group Has Lowered Expectations for SEGRO (LON:SGRO) Stock Price

Key Points

• Goldman Sachs cut its target for SEGRO from GBX 890 to GBX 800 and kept a "neutral" rating, though the new target still implies about a 23.5% upside from the current share price.
• Overall analyst sentiment remains positive with a consensus of "Moderate Buy" and an average price target of GBX 880.71, as brokers including JPMorgan and Berenberg recently raised their targets and gave higher ratings.
• SEGRO shares traded at GBX 647.80 (market cap £8.76bn) — below analyst targets — with a P/E of 14.08 and 50/200-day moving averages of GBX 758.36/716.16, reflecting recent weaker price momentum.

SEGRO (LON:SGRO - Get Free Report) had its target price dropped by equities researchers at The Goldman Sachs Group from GBX 890 to GBX 800 in a report released on Monday,London Stock Exchange reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. The Goldman Sachs Group's price target suggests a potential upside of 23.49% from the company's current price.

Several other research analysts have also recently issued reports on SGRO. Deutsche Bank Aktiengesellschaft raised their price objective on SEGRO from GBX 800 to GBX 850 and gave the stock a "hold" rating in a research note on Friday, March 20th. JPMorgan Chase & Co. increased their price target on shares of SEGRO from GBX 885 to GBX 915 and gave the stock an "overweight" rating in a report on Wednesday, March 4th. Finally, Berenberg Bank lifted their price objective on shares of SEGRO from GBX 1,056 to GBX 1,067 and gave the company a "buy" rating in a research note on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 880.71.

SEGRO Stock Performance

Shares of LON:SGRO traded up GBX 8.60 on Monday, hitting GBX 647.80. 4,240,223 shares of the company were exchanged, compared to its average volume of 25,615,477. The firm has a market capitalization of £8.76 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 41.02. SEGRO has a 1-year low of GBX 586.85 and a 1-year high of GBX 844.60. The stock's 50 day moving average price is GBX 758.36 and its 200 day moving average price is GBX 716.16.

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

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