Segro Stock Rating Reaffirmed by HSBC (SGRO)
Segro (LON:SGRO)‘s stock had its “overweight” rating restated by equities researchers at HSBC in a research report issued on Tuesday, Stock Ratings Network reports. They currently have a GBX 400 ($6.57) price target on the stock. HSBC’s target price would suggest a potential upside of 17.68% from the company’s current price.
Shares of Segro (LON:SGRO) opened at 342.00 on Tuesday. Segro has a 52-week low of GBX 243.70 and a 52-week high of GBX 344.50. The stock’s 50-day moving average is GBX 333.1 and its 200-day moving average is GBX 316.4. The company’s market cap is £2.534 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Segro in a research note to investors on Monday. They now have a GBX 320 ($5.25) price target on the stock. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 310.01 ($5.09).
SEGRO plc is a real estate investment trust (LON:SGRO).
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