SEGRO plc (SGRO) Rating Reiterated by Deutsche Bank AG
SEGRO plc (LON:SGRO)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. They presently have a GBX 400 ($5.22) target price on the real estate investment trust’s stock. Deutsche Bank AG’s price objective suggests a potential downside of 9.03% from the stock’s current price.
Several other research analysts have also commented on the company. BNP Paribas reaffirmed a “neutral” rating and set a GBX 480 ($6.27) price target on shares of SEGRO plc in a research report on Monday, October 3rd. HSBC lifted their price target on SEGRO plc from GBX 418 ($5.46) to GBX 439 ($5.73) and gave the stock a “hold” rating in a research report on Friday, September 30th. Liberum Capital reaffirmed a “buy” rating and set a GBX 475 ($6.20) price target on shares of SEGRO plc in a research report on Thursday, September 29th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 441 ($5.76) price target on shares of SEGRO plc in a research report on Thursday, September 8th. Finally, Morgan Stanley raised SEGRO plc to an “overweight” rating and lifted their price target for the stock from GBX 420 ($5.48) to GBX 480 ($6.27) in a research report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 451.89 ($5.90).
Shares of SEGRO plc (LON:SGRO) traded down 1.191008% during mid-day trading on Tuesday, hitting GBX 440.546753. 2,571,049 shares of the stock were exchanged. The stock’s 50 day moving average is GBX 447.64 and its 200-day moving average is GBX 429.44. The stock’s market cap is GBX 3657.23 billion. SEGRO plc has a 12 month low of GBX 331.40 and a 12 month high of GBX 463.90.
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The firm also recently announced a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, August 18th were paid a GBX 5.20 ($0.07) dividend. The ex-dividend date was Thursday, August 18th. This represents a yield of 1.19%.
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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