Segro Receives “Sell” Rating from Deutsche Bank (SGRO)
Segro (LON:SGRO)‘s stock had its “sell” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, Stock Ratings News reports. They currently have a GBX 220 ($3.53) price objective on the stock. Deutsche Bank’s price objective would suggest a potential downside of 29.68% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Segro in a research note to investors on Tuesday, October 1st. They now have a GBX 290 ($4.65) price target on the stock. Separately, analysts at Societe Generale downgraded shares of Segro to a “hold” rating in a research note to investors on Tuesday, October 1st. They now have a GBX 320 ($5.13) price target on the stock, down previously from GBX 340 ($5.45). Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of Segro in a research note to investors on Thursday, September 26th. They now have a GBX 298 ($4.78) price target on the stock. Four 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 stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 293.39 ($4.71).
Segro (LON:SGRO) remained flat at GBX 312.60 during trading on Monday. 849,713 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 £2.316 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.