SEGRO plc’s (SGRO) “Hold” Rating Reaffirmed at Liberum Capital
Liberum Capital reissued their hold rating on shares of SEGRO plc (LON:SGRO) in a report issued on Thursday morning. They currently have a GBX 505 ($6.71) target price on the real estate investment trust’s stock.
Several other equities analysts also recently issued reports on the stock. Peel Hunt reissued an add rating on shares of SEGRO plc in a research note on Friday, October 6th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a GBX 535 ($7.11) price objective on shares of SEGRO plc in a research note on Wednesday, September 27th. Numis Securities Ltd reissued an add rating and set a GBX 580 ($7.71) price objective on shares of SEGRO plc in a research note on Tuesday, September 26th. Barclays PLC upped their price objective on shares of SEGRO plc from GBX 520 ($6.91) to GBX 570 ($7.57) and gave the company an overweight rating in a research note on Thursday, August 3rd. Finally, J P Morgan Chase & Co upped their price objective on shares of SEGRO plc from GBX 465 ($6.18) to GBX 540 ($7.18) and gave the company an underweight rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 523.67 ($6.96).
SEGRO plc (LON SGRO) traded down 0.45% during mid-day trading on Thursday, hitting GBX 549.00. 2,798,781 shares of the stock traded hands. The company’s market cap is GBX 5.13 billion. The stock’s 50 day moving average is GBX 538.01 and its 200-day moving average is GBX 510.03. SEGRO plc has a 12 month low of GBX 384.52 and a 12 month high of GBX 556.50.
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About SEGRO plc
SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse properties in the United Kingdom and Continental Europe. Its segments include Greater London, Thames Valley and National Logistics, Northern Europe (principally Germany), Southern Europe (principally France) and Central Europe (principally Poland).
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