SEGRO plc (SGRO) Receives Average Recommendation of “Hold” from Analysts
SEGRO plc (LON:SGRO) has received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 507.07 ($6.61).
SGRO has been the topic of several recent research reports. Peel Hunt restated an “add” rating and issued a GBX 450 ($5.86) price target on shares of SEGRO plc in a research report on Wednesday, April 19th. Numis Securities Ltd upgraded shares of SEGRO plc to an “add” rating and set a GBX 565 ($7.36) price target on the stock in a research report on Tuesday. Citigroup Inc. restated a “buy” rating and issued a GBX 560 ($7.30) price target on shares of SEGRO plc in a research report on Friday, April 21st. Canaccord Genuity decreased their price target on shares of SEGRO plc from GBX 525 ($6.84) to GBX 515 ($6.71) and set a “buy” rating on the stock in a research report on Thursday, April 6th. Finally, Liberum Capital reiterated a “hold” rating and set a GBX 475 ($6.19) price objective on shares of SEGRO plc in a research report on Wednesday, April 19th.
SEGRO plc (LON:SGRO) traded up 2.87% during midday trading on Tuesday, hitting GBX 519.50. The company had a trading volume of 4,053,395 shares. SEGRO plc has a 12-month low of GBX 378.97 and a 12-month high of GBX 547.50. The company’s 50 day moving average is GBX 495.27 and its 200 day moving average is GBX 482.73. The stock’s market cap is GBX 4.31 billion.
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SEGRO plc Company Profile
SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse properties in the United Kingdom and Continental Europe. Its segments 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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