The Goldman Sachs Group Cuts SEGRO (LON:SGRO) Price Target to GBX 800

SEGRO (LON:SGRO) had its target price trimmed by The Goldman Sachs Group from GBX 890 to GBX 800 in a report published on Monday morning,London Stock Exchange reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other research firms also recently weighed in on SGRO. Berenberg Bank lifted their price target 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. JPMorgan Chase & Co. increased their price objective on SEGRO from GBX 885 to GBX 915 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, SEGRO currently has an average rating of “Moderate Buy” and an average target price of GBX 859.

SEGRO Trading Up 3.4%

SGRO stock opened at GBX 665.40 on Monday. SEGRO has a 12 month low of GBX 586.85 and a 12 month high of GBX 844.60. The firm’s 50-day moving average is GBX 753.69 and its 200 day moving average is GBX 716.28. The company has a market capitalization of £9.00 billion, a PE ratio of 14.47, a P/E/G ratio of 2.12 and a beta of 1.03. The company has a debt-to-equity ratio of 41.02, a current ratio of 0.56 and a quick ratio of 0.62.

SEGRO (LON:SGRO) last released its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported GBX 36.60 earnings per share (EPS) for the quarter. SEGRO had a net margin of 77.66% and a return on equity of 3.51%. On average, research analysts anticipate that SEGRO will post 37.4077408 EPS for the current 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.