SEGRO (SGRO) Upgraded to Hold by Jefferies Group
Jefferies Group upgraded shares of SEGRO (LON:SGRO) to a hold rating in a report published on Thursday morning. Jefferies Group currently has GBX 506 ($6.86) price objective on the real estate investment trust’s stock.
A number of other research analysts have also recently weighed in on the stock. Canaccord Genuity lifted their target price on shares of SEGRO from GBX 560 ($7.59) to GBX 620 ($8.41) and gave the company a buy rating in a research note on Friday, December 22nd. Peel Hunt restated an add rating on shares of SEGRO in a research note on Friday, October 6th. Liberum Capital restated a hold rating and set a GBX 505 ($6.85) target price on shares of SEGRO in a research note on Wednesday, November 1st. Goldman Sachs Group restated a neutral rating and set a GBX 535 ($7.26) target price on shares of SEGRO in a research note on Wednesday, September 27th. Finally, JPMorgan Chase & Co. restated an underweight rating and set a GBX 540 ($7.32) target price on shares of SEGRO in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. SEGRO currently has an average rating of Hold and a consensus price target of GBX 555.83 ($7.54).
Shares of SEGRO (LON:SGRO) traded up GBX 3.20 ($0.04) during trading on Thursday, hitting GBX 579.20 ($7.85). 2,869,937 shares of the stock traded hands, compared to its average volume of 2,040,000. SEGRO has a 1-year low of GBX 431.01 ($5.84) and a 1-year high of GBX 590.80 ($8.01). The stock has a market cap of $5,780.00 and a PE ratio of 851.76.
SEGRO Company Profile
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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