Peel Hunt Reiterates Add Rating for SEGRO plc (SGRO)
SEGRO plc (LON:SGRO)‘s stock had its “add” rating reiterated by equities research analysts at Peel Hunt in a note issued to investors on Tuesday. They presently have a GBX 450 ($5.87) price objective on the real estate investment trust’s stock. Peel Hunt’s price target points to a potential upside of 2.34% from the company’s previous close.
A number of other brokerages also recently issued reports on SGRO. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 390 ($5.09) price objective on shares of SEGRO plc in a research report on Saturday, July 16th. Barclays PLC reduced their price objective on shares of SEGRO plc from GBX 460 ($6.00) to GBX 440 ($5.74) and set an “equal weight” rating for the company in a research report on Thursday, July 7th. Goldman Sachs Group Inc. reduced their target price on shares of SEGRO plc from GBX 555 ($7.24) to GBX 475 ($6.20) and set a “buy” rating for the company in a research report on Wednesday, June 29th. Jefferies Group reduced their target price on shares of SEGRO plc from GBX 414 ($5.40) to GBX 380 ($4.96) and set a “hold” rating for the company in a research report on Thursday, April 21st. Finally, Liberum Capital increased their target price on shares of SEGRO plc from GBX 346 ($4.52) to GBX 364 ($4.75) and gave the company a “hold” rating in a research report on Monday, March 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 451.89 ($5.90).
Shares of SEGRO plc (LON:SGRO) traded down 1.191008% on Tuesday, reaching GBX 440.546753. 2,571,049 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 447.64 and its 200 day moving average price is GBX 429.44. SEGRO plc has a one year low of GBX 331.40 and a one year high of GBX 463.90. The firm’s market cap is GBX 3.31 billion.
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The company also recently declared a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, August 18th were issued a GBX 5.20 ($0.07) dividend. This represents a yield of 1.19%. The ex-dividend date of this dividend was Thursday, August 18th.
SEGRO plc Company Profile
SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse and industrial property assets in the United Kingdom and Continental Europe. Its portfolio of warehouse and light industrial buildings is concentrated in European countries. The Company’s segments are the geographical business units, which include Greater London, Thames Valley and National Logistics, Northern Europe (principally Germany), Southern Europe (principally France) and Central Europe (principally Poland).
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