SEGRO plc’s Hold Rating Reaffirmed at Jefferies Group (SGRO)
SEGRO plc (LON:SGRO)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group in a research report issued on Wednesday, American Banking and Market News reports. They currently have a GBX 317 ($5.27) price objective on the stock. Jefferies Group’s price target would suggest a potential downside of 10.58% from the stock’s previous close.
Shares of SEGRO plc (LON:SGRO) traded down 0.92% on Wednesday, hitting GBX 354.50. The stock had a trading volume of 1,731,803 shares. SEGRO plc has a 1-year low of GBX 245.10 and a 1-year high of GBX 361.70. The stock’s 50-day moving average is GBX 345.7 and its 200-day moving average is GBX 325.3. The company’s market cap is £2.626 billion.
The company also recently declared a dividend, which is scheduled for Friday, May 9th. Stockholders of record on Wednesday, March 26th will be given a dividend of GBX 9.90 ($0.16) per share. This represents a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, March 26th.
A number of other firms have also recently commented on SGRO. Analysts at Numis Securities Ltd raised their price target on shares of SEGRO plc from GBX 315 ($5.24) to GBX 350 ($5.82) in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of SEGRO plc in a research note on Friday, February 21st. They now have a GBX 220 ($3.66) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of SEGRO plc in a research note on Wednesday, February 19th. They now have a GBX 364 ($6.05) price target on the stock. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 314.01 ($5.22).
SEGRO plc is a real estate investment trust (LON:SGRO).
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