Segro PT Raised to GBX 300 (SGRO)
Stock analysts at Numis Securities Ltd lifted their target price on shares of Segro (LON:SGRO) from GBX 255 ($3.99) to GBX 300 ($4.69) in a report issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s target price points to a potential upside of 2.56% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank downgraded shares of Segro (LON:SGRO) from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, September 3rd. They now have a GBX 220 ($3.44) price target on the stock, down previously from GBX 300 ($4.69). Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Segro (LON:SGRO) from GBX 310 ($4.85) to GBX 340 ($5.32) in a research note to investors on Tuesday, September 3rd. They now have an “overweight” rating on the stock. Finally, analysts at Barclays Capital upgraded shares of Segro (LON:SGRO) from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, September 3rd. They now have a GBX 345 ($5.39) price target on the stock, up previously from GBX 270 ($4.22).
Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 291.68 ($4.56).
Shares of Segro (LON:SGRO) traded up 2.56% during mid-day trading on Tuesday, hitting GBX 300.00. 1,317,377 shares of the company’s stock traded hands. Segro has a one year low of GBX 221.00 and a one year high of GBX 321.00. The stock has a 50-day moving average of GBX 300.7 and a 200-day moving average of GBX 279.0. The company’s market cap is £2.223 billion.
SEGRO plc is a real estate investment trust (LON:SGRO).
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