Segro PT Raised to GBX 317 at Jefferies Group (SGRO)
Equities researchers at Jefferies Group increased their target price on shares of Segro (LON:SGRO) from GBX 302 ($4.98) to GBX 317 ($5.22) in a research report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price would suggest a potential downside of 7.15% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Segro in a research note to investors on Friday, January 10th. They now have a GBX 346 ($5.70) price target on the stock. Separately, analysts at Kempen & Co reiterated an “underweight” rating on shares of Segro in a research note to investors on Wednesday, January 8th. They now have a GBX 315 ($5.19) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of Segro in a research note to investors on Monday, December 16th. They now have a GBX 220 ($3.63) price target on the stock. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Segro presently has a consensus rating of “Hold” and a consensus target price of GBX 302.51 ($4.99).
Shares of Segro (LON:SGRO) traded up 0.83% during mid-day trading on Wednesday, hitting GBX 341.40. 1,488,697 shares of the company’s stock traded hands. Segro has a 52 week low of GBX 241.10 and a 52 week high of GBX 344.50. The stock’s 50-day moving average is GBX 332. and its 200-day moving average is GBX 315.0. The company’s market cap is £2.529 billion.
SEGRO plc is a real estate investment trust (LON:SGRO).
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