Segro Given “Sell” Rating at Goldman Sachs Group Inc. (SGRO)
Segro (LON:SGRO)‘s stock had its “sell” rating reaffirmed by analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports. They currently have a GBX 220 ($3.53) price objective on the stock. Goldman Sachs Group Inc.’s price objective indicates a potential downside of 28.29% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Segro in a research note to investors on Monday. They now have a GBX 220 ($3.53) price target on the stock. Separately, 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. Finally, 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). Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 284.27 ($4.56).
Shares of Segro (LON:SGRO) traded up 0.13% during mid-day trading on Tuesday, hitting GBX 306.80. The stock had a trading volume of 1,223,914 shares. 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 301.6 and a 200-day moving average of GBX 281.8. The company’s market cap is £2.273 billion.
SEGRO plc is a real estate investment trust (LON:SGRO).
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