SEGRO plc (SGRO) Given Buy Rating at Liberum Capital
SEGRO plc (LON:SGRO)‘s stock had its “buy” rating reiterated by analysts at Liberum Capital in a report issued on Tuesday. They presently have a GBX 487 ($6.36) target price on the real estate investment trust’s stock. Liberum Capital’s price target indicates a potential upside of 10.76% from the stock’s previous close.
A number of other research firms have also recently issued reports on SGRO. BNP Paribas reissued a “neutral” rating and issued a GBX 450 ($5.87) price target on shares of SEGRO plc in a research note on Wednesday, June 1st. Peel Hunt raised shares of SEGRO plc to an “add” rating and set a GBX 450 ($5.87) target price on the stock in a research note on Tuesday, April 12th. Jefferies Group reaffirmed a “hold” rating and set a GBX 380 ($4.96) target price on shares of SEGRO plc in a research note on Tuesday, May 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 480 ($6.27) target price on shares of SEGRO plc in a research note on Thursday, May 12th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 555 ($7.24) target price on shares of SEGRO plc in a research note on Monday, April 11th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 451.89 ($5.90).
SEGRO plc (LON:SGRO) traded down 1.191008% during midday trading on Tuesday, reaching GBX 440.546753. 2,571,049 shares of the company were exchanged. SEGRO plc has a 52 week low of GBX 331.40 and a 52 week high of GBX 463.90. The stock’s market capitalization is GBX 3.31 billion. The firm’s 50 day moving average price is GBX 447.64 and its 200-day moving average price is GBX 429.44.
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The business also recently disclosed a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, August 18th were given a dividend of GBX 5.20 ($0.07) per share. This represents a dividend yield of 1.19%. The ex-dividend date was Thursday, August 18th.
About SEGRO plc
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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