Deutsche Bank Reiterates Sell Rating for SEGRO plc (SGRO)
SEGRO plc (LON:SGRO)‘s stock had its “sell” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Wednesday. They currently have a GBX 260 ($4.42) price objective on the stock, up from their previous price objective of GBX 250 ($4.25). Deutsche Bank’s target price indicates a potential downside of 26.72% from the stock’s previous close.
SEGRO plc (LON:SGRO) traded down 0.87% on Wednesday, hitting GBX 354.80. 1,693,694 shares of the company’s stock traded hands. SEGRO plc has a 52 week low of GBX 279.00 and a 52 week high of GBX 379.00. The stock’s 50-day moving average is GBX 352.2 and its 200-day moving average is GBX 349.9. The company’s market cap is £2.631 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, August 27th will be given a dividend of GBX 4.90 ($0.08) per share. This represents a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, August 27th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of SEGRO plc in a research note on Wednesday, July 23rd. They now have a GBX 372 ($6.32) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of SEGRO plc in a research note on Monday, July 21st. They now have a GBX 350 ($5.94) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of SEGRO plc in a research note on Wednesday, July 16th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 337.58 ($5.73).
SEGRO plc is a real estate investment trust (LON:SGRO).
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