Deutsche Bank Raises SEGRO plc Price Target to GBX 270 (SGRO)
Equities research analysts at Deutsche Bank upped their price target on shares of SEGRO plc (LON:SGRO) from GBX 260 ($4.35) to GBX 270 ($4.51) in a research note issued to investors on Thursday. The firm currently has a “sell” rating on the stock. Deutsche Bank’s price objective would suggest a potential downside of 28.23% from the stock’s previous close.
SGRO has been the subject of a number of other recent research reports. Analysts at Liberum Capital raised their price target on shares of SEGRO plc from GBX 372 ($6.22) to GBX 382 ($6.39) in a research note on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of SEGRO plc from GBX 350 ($5.85) to GBX 356 ($5.95) in a research note on Tuesday, August 12th. They now have a “hold” rating on the stock. Three 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. The company currently has a consensus rating of “Hold” and an average price target of GBX 339.75 ($5.68).
SEGRO plc (LON:SGRO) opened at 372.00 on Thursday. SEGRO plc has a 1-year low of GBX 279.00 and a 1-year high of GBX 379.00. The stock has a 50-day moving average of GBX 357.9 and a 200-day moving average of GBX 352.. The company’s market cap is £2.758 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.
SEGRO plc is a real estate investment trust (LON:SGRO).
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