Deutsche Bank Reiterates “Sell” Rating for Segro (SGRO)
Segro (LON:SGRO)‘s stock had its “sell” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday, StockRatingsNetwork reports. They currently have a GBX 220 ($3.62) price target on the stock. Deutsche Bank’s price objective would suggest a potential downside of 35.52% from the company’s current price.
Segro (LON:SGRO) traded up 0.24% during mid-day trading on Wednesday, hitting GBX 341.20. 1,245,515 shares of the company’s stock traded hands. Segro has a 1-year low of GBX 245.10 and a 1-year high of GBX 348.70. The stock has a 50-day moving average of GBX 334.9 and a 200-day moving average of GBX 318.5. The company’s market cap is £2.528 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Segro in a research note to investors on Friday, January 24th. They now have a GBX 317 ($5.22) price target on the stock. Separately, analysts at Liberum Capital raised their price target on shares of Segro from GBX 346 ($5.70) to GBX 364 ($6.00) in a research note to investors on Thursday, January 23rd. They now have a “hold” rating on the stock. Finally, analysts at HSBC reiterated an “overweight” rating on shares of Segro in a research note to investors on Tuesday, January 21st. They now have a GBX 400 ($6.59) price target on the stock. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Segro currently has a consensus rating of “Hold” and an average target price of GBX 311.07 ($5.13).
SEGRO plc is a real estate investment trust (LON:SGRO).
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