Segro Given overweight Rating at JPMorgan Chase & Co. (SGRO)
Segro (LON:SGRO)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. They currently have a GBX 340 ($5.32) target price on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 12.14% from the stock’s previous close.
Segro (LON:SGRO) opened at 303.10 on Friday. The stock has a 50-day moving average of GBX 300.6 and a 200-day moving average of GBX 279.8. The company’s market cap is £2.246 billion.
A number of other firms have also recently commented on SGRO. Analysts at Numis Securities Ltd raised their price target on shares of Segro (LON:SGRO) from GBX 255 ($3.99) to GBX 300 ($4.69) in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, 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). 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 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 stock currently has an average rating of “Hold” and an average price target of GBX 291.68 ($4.56).
SEGRO plc is a real estate investment trust (LON:SGRO).
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