Segro Receives Underperform Rating from BNP Paribas (SGRO)
Segro (LON:SGRO)‘s stock had its “underperform” rating reiterated by equities research analysts at BNP Paribas in a research note issued to investors on Monday, American Banking News reports. They currently have a GBX 320 ($5.25) target price on the stock. BNP Paribas’ target price would suggest a potential downside of 5.85% from the company’s current price.
A number of other firms have also recently commented on SGRO. Analysts at JPMorgan Chase & Co. raised their price target on shares of Segro from GBX 340 ($5.58) to GBX 370 ($6.07) in a research note to investors on Wednesday, January 15th. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Segro from GBX 302 ($4.96) to GBX 317 ($5.20) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Finally, 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 ($5.68) price target on the stock. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 304.39 ($5.00).
Shares of Segro (LON:SGRO) traded down 0.21% on Monday, hitting GBX 339.90. The stock had a trading volume of 1,604,476 shares. Segro has a 52 week low of GBX 244.60 and a 52 week high of GBX 344.50. The stock has a 50-day moving average of GBX 333.1 and a 200-day moving average of GBX 316.4. The company’s market cap is £2.518 billion.
SEGRO plc is a real estate investment trust (LON:SGRO).
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