Segro Receives “Reduce” Rating from AlphaValue (SGRO)
Segro (LON:SGRO)‘s stock had its “reduce” rating restated by investment analysts at AlphaValue in a note issued to investors on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 297 ($4.76) price target on the stock. AlphaValue’s price target would suggest a potential downside of 3.19% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Segro in a research note to investors on Tuesday. They now have a GBX 220 ($3.53) price target on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Segro currently has an average rating of “Hold” and a consensus price target of GBX 284.21 ($4.56).
Shares of Segro (LON:SGRO) traded up 1.79% on Thursday, hitting GBX 312.30. The stock had a trading volume of 963,318 shares. 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 £2.314 billion.
SEGRO plc is a real estate investment trust (LON:SGRO).
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