SEGRO plc Downgraded by HSBC to “Neutral” (SGRO)
SEGRO plc (LON:SGRO) was downgraded by analysts at HSBC to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a GBX 408.80 ($6.76) price objective on the stock. HSBC’s target price would indicate a potential upside of 10.10% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of SEGRO plc from GBX 260 ($4.30) to GBX 270 ($4.47) in a research note on Thursday, August 21st. They now have a “sell” rating on the stock. Separately, analysts at Liberum Capital raised their price target on shares of SEGRO plc from GBX 372 ($6.16) to GBX 382 ($6.32) in a research note on Wednesday, August 20th. They now have a “hold” rating on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of SEGRO plc in a research note on Tuesday, August 12th. They now have a GBX 372 ($6.16) price target on the stock. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 340.48 ($5.63).
SEGRO plc (LON:SGRO) opened at 365.00 on Thursday. SEGRO plc has a 52 week low of GBX 279.00 and a 52 week high of GBX 379.00. The stock has a 50-day moving average of GBX 360.7 and a 200-day moving average of GBX 353.2. The company’s market cap is £2.706 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Shareholders 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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