SEGRO (SGRO) Price Target Increased to GBX 830 by Analysts at Morgan Stanley
SEGRO (LON:SGRO) had its price objective boosted by Morgan Stanley from GBX 760 ($9.93) to GBX 830 ($10.85) in a report released on Thursday morning. They currently have an underweight rating on the real estate investment trust’s stock.
SGRO has been the topic of a number of other research reports. Liberum Capital reiterated a buy rating on shares of SEGRO in a research report on Wednesday, January 9th. UBS Group reiterated a buy rating and set a GBX 750 ($9.80) price objective (up previously from GBX 720 ($9.41)) on shares of SEGRO in a research report on Thursday. Deutsche Bank reiterated a buy rating on shares of SEGRO in a research report on Tuesday, November 20th. Royal Bank of Canada assumed coverage on shares of SEGRO in a research report on Tuesday, February 12th. They set a sector performer rating and a GBX 625 ($8.17) price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SEGRO from GBX 670 ($8.75) to GBX 690 ($9.02) and gave the company an underweight rating in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 711.08 ($9.29).
SGRO stock opened at GBX 682.40 ($8.92) on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 34.18. SEGRO has a twelve month low of GBX 577.60 ($7.55) and a twelve month high of GBX 682.40 ($8.92). The firm has a market cap of $7.40 billion and a price-to-earnings ratio of 6.51.
SEGRO Company Profile
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (74 million square feet) valued at over £10 billion serving customers from a wide range of industry sectors.
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