Segro Stock Rating Reaffirmed by AlphaValue (SGRO)
Segro (LON:SGRO)‘s stock had its “reduce” rating reaffirmed by investment analysts at AlphaValue in a note issued to investors on Thursday, Stock Ratings Network.com reports. They currently have a GBX 298 ($4.77) price target on the stock. AlphaValue’s target price suggests a potential downside of 3.34% from the company’s current price.
Shares of Segro (LON:SGRO) traded up 1.20% during mid-day trading on Thursday, hitting GBX 312.00. 983,830 shares of the company’s stock traded hands. Segro has a 52 week low of GBX 221.00 and a 52 week high of GBX 321.00. The stock’s 50-day moving average is GBX 301.6 and its 200-day moving average is GBX 281.8. The company’s market cap is £2.312 billion.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon downgraded shares of Segro (LON:SGRO) to a “hold” rating in a research note to investors on Thursday. They now have a GBX 297 ($4.76) price target on the stock, up previously from GBX 270 ($4.32). Separately, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Segro (LON:SGRO) in a research note to investors on Wednesday, September 18th. They now have a GBX 375 ($6.01) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Segro (LON:SGRO) in a research note to investors on Friday, September 13th. They now have a GBX 340 ($5.45) price target on the stock. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 294.57 ($4.72).
SEGRO plc is a real estate investment trust (LON:SGRO).
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