Segro Stock Rating Lowered by Societe Generale (SGRO)
Segro (LON:SGRO) was downgraded by equities researchers at Societe Generale to a “hold” rating in a research report issued on Tuesday, AR Network reports. They currently have a GBX 320 ($5.16) price target on the stock, down from their previous price target of GBX 340 ($5.49). Societe Generale’s target price indicates a potential upside of 3.23% from the stock’s previous close.
SGRO has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated a “reduce” rating on shares of Segro (LON:SGRO) in a research note to investors on Thursday, September 26th. They now have a GBX 298 ($4.81) price target on the stock. Separately, analysts at Panmure Gordon downgraded shares of Segro (LON:SGRO) to a “hold” rating in a research note to investors on Thursday, September 26th. They now have a GBX 297 ($4.79) price target on the stock, up previously from GBX 270 ($4.36). Finally, 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 ($6.05) price target on the stock. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 293.39 ($4.73).
Segro (LON:SGRO) opened at 310.90 on Tuesday. Segro has a 1-year low of GBX 221.00 and a 1-year 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 £2.303 billion.
SEGRO plc is a real estate investment trust (LON:SGRO).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.